XRP Price Typically Explodes During This Time Frame After Halving
  • Grok AI’s answer to DAI’s query estimates that XRP typically spikes by more than 21% within 120 days after each Bitcoin halving.
  • This means XRP could reach $1.06 in August, subject to conditions related to ongoing litigation with the SEC, stablecoin launches, etc.

The long-awaited Bitcoin halving began on Friday, April 19, 2024, just after 8:09 pm (UTC).. ViaBTC mined the 840,000th block on the Bitcoin network, lowering the rate of Bitcoins created every 10 minutes to 3.125. Prior to the event, market analysts and commentators discussed the impact of the previous halving on the price with Digital Asset Investor (DAI), a media personality and figure in the XRP community who has joined the trend by focusing on XRP. DAI analysis is purely depended on Based on Grok AI feedback, it is estimated that XRP typically spikes within 120 days.

The sweet spot for XRP after the halving seems to be 120 days, but everything was off this time. End of SEC lawsuit, stablecoin release, stablecoin legislation, only legally clear digital assets. pic.twitter.com/BTcZ7ZCF9e— Digital Asset Investor (@digitalassetbuy) April 19, 2024

XRP performance results after halving by Grok AI

For context, DAI queried Grok AI to determine the general performance of XRP after each of the past three halvings, paying particular attention to the 30, 60, 90, and 120 days post-event. provided. In response, Grok AI correctly pointed out that XRP was not listed on a major exchange until 2013. This means there is no data on the price response since the 2012 halving.

In the 2016 event, the AI ​​was able to notice that XRP was trading at $0.005233.After exactly 30 days, the price will be 4.85% It skyrocketed to $0.005487. XRP soars even more 5.54% After 90 days, and 21.88% After 120 days, it will trade at $0.0063. Unexpectedly, prices plummeted a year after his 50.72% We find support near the $0.002 zone. This was short-lived as the asset underwent a bullish reversal and hit an all-time high of $3.4 on January 7, 2018.

According to Grok AI, the third halving, which occurred in May 2022, saw XRP soar. 2.2% After 30 days, 0.75% After 90 days, and 21.46% 120 days later.One year after the event, XRP skyrocketed 521.78% From $0.20 to $1.25.

Analysts make bold predictions

DAI pointed out to his X followers that the 120-day period has been the most consistently attractive price action as XRP soars. 21.88% and 21.46% in the second half and second half respectively. In this case, if the above pattern holds true, the asset could make a mini-rally and reach $0.6233.

However, analysts believe that the bullish sentiment surrounding the XRP ecosystem could amplify this surge fivefold, pushing the price to $1.06 by August 2024. Interestingly, most crypto commentators believe this is just a conservative estimate, as EGRAG predicts the XRP price with LeB to be $27. We also expect the asset to reach $3.84 immediately after the halving event.

DAI further clarified that the likelihood of the previous price movement being replicated depends on certain conditions, such as the end of SEC vs. SEC. ripple lab Lawsuits, the successful launch of Ripple’s stablecoin, and the possibility of stablecoin legislation being enacted by the US Congress.

At press time, XRP was being traded After rising to $0.5370 Four% past 7 days and 0.94% within the last 24 hours.

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