Bitcoin (BTC) has experienced a significant surge this year following the approval of the Spot BTC ETF by the U.S. Securities and Exchange Commission (SEC) in mid-January. This surge led the Bitcoin to achieve a new all-time high of $73,737 in March 2024, resulting in substantial profits for investors and traders.
Moreover, many other leading altcoins like Ripple (XRP), Cardano (ADA), Ethereum (ETH), and Solana (SOL) also reached new monthly highs in march after BTC’s sudden surge in value. However, the rally of XRP Coin and ADA Coin was limited and did not significantly surge alongside Bitcoin surge.
With the Bitcoin halving event approaching, there is anticipation of a potential rally in the overall cryptocurrency market. In this blog post, we will delve into how high will XRP Go if BTC Hits $100,000 after the BTC Halving event.
What is XRP Price if Bitcoin Breaks Above $100,000?
The Bitcoin halving event is set to happen next month on April 20, 2024. During this event, Bitcoin’s supply will be halved, resulting in scarcity and potentially driving up demand. This combination of reduced supply and increased demand is expected to create a bullish market for Bitcoin, with some experts predicting that it could reach $100,000 or even higher.
If Bitcoin triggers a bullish rally and surpasses above the $100,000 threshold following the Halving event, there is speculation that XRP might see a similar trend. As per our expert’s analysis, if Bitcoin hits $100,000 after halving, the XRP Coin could potentially reach the $3.23 price range.
Our Final Opinion: There is no guarantee that XRP Coin can potentially hit over $3 after the Bitcoin Halving event, it’s crucial to note the extreme volatility of the cryptocurrency market. This volatility can lead to significant gains or losses for investors. Conducting thorough research is strongly recommended before considering investments in XRP, Bitcoin, or the broader cryptocurrency market at present.
Also Read: Dogecoin (DOGE) Riding a Fresh Macro Uptrend, Anticipate a 50% Surge
Disclaimer: The information in this article should not be considered anything as financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.
