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.
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.
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.
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.
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