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Here Are the Prices XRP Could Reach After the Bitcoin Halvings of 2028, 2032, and 2036
XRP has the potential to reach greater heights in the coming years, especially if it maintains a bullish trend following the forthcoming Bitcoin halvings.
The Bitcoin halving, which slashes Bitcoin’s supply rate by half every four years, is one of the most important events in the Bitcoin market, and by extension, the broader crypto scene. This is due to the effect it has on Bitcoin’s inflation rate and how Bitcoin’s price action influences the wider crypto market.
Bitcoin Halvings and Their Impact on Price
As a result, with the Bitcoin halving contributing to higher Bitcoin prices, altcoins are in the right positions to benefit from the trend. One such altcoin is XRP, which has historically moved with the broader market except in the heat of the SEC vs. Ripple lawsuit, which dampened its price action for years.
How XRP Has Fared Following Past Halvings
For instance, on the second halving in July 2016, XRP had a price of $0.0066. A year and a half later, it had jumped to $3.31, representing a 50,000% increase. Also, when the third halving hit in May 2020, XRP changed hands at $0.21. A year later, it increased to a peak of $1.96, marking an 833% rise despite the SEC lawsuit.
Meanwhile, during the fourth and latest Bitcoin halving, XRP had a value of $0.62. Today, a year and a half later, it trades for $2.30. This represents a 283% rise, but some market experts insist that XRP has not yet topped for the ongoing cycle, projecting higher prices for when the market reaches its peak level.
However, considering the current 283% increase rate, XRP has increased by an average of 17,000% over the past three Bitcoin halvings. If this trend continues, even at a lower pace, XRP’s price could soar tremendously after the three coming halvings. While the trend could persist, the rate of increase may reduce over time due to diminishing returns.
Potential XRP Prices After the Next Three Bitcoin Halvings
Specifically, the next Bitcoin halving could hit in March 2028, but it is unclear what the XRP price would be by then.
Nonetheless, using the current price of $2.30, which is a bearish assumption, just a tenth of the 17,000% average rise, amounting to a 1,700% increase, would push the XRP price to $54 a year after the 2028 halving.
Meanwhile, considering the $54 price at the 2032 halving and further reducing the average increase by a tenth , the 170% increase would take XRP’s price to $145.8 a year after the 2032 halving.
Applying the same metrics for the 2036 halving, the halvin would push the XRP price to around $170.
While this assessment depends on XRP maintaining the bullish trend following each halving, it considers the most bearish approach for XRP following each of the next three halvings. Despite this, it is unclear if XRP would even reach these targets or surpass them. As a result, investors should not consider them investment advice.