By
Bhushan Akolkar
April 26th, 2024
The expectation that XRP will surpass its ATH is directly tied to the upcoming Bitcoin halving.
Currently, there are positive speculations around the price of XRP, which many analysts are predicting may soon surge past its 2018 all-time high (ATH) of $3.84. For some reason, XRP price failed to reach its ATH in the last market cycle, justifying the fears of certain users that it may yet again fail to new heights.
Interestingly, however, renowned market analyst Leb Crypto may now have put those fears to bed. Leb confirms that the time is right for XRP to surpass the $3.84 mark in the ongoing market cycle.
Bitcoin Halving to Play Vital Role in XRP Price Surge Up to ATH
According to Leb, the expectation that XRP will surpass its ATH is directly tied to the upcoming Bitcoin halving. As Coinspeaker earlier reported, the halving is slated for April, and it should see XRP rally greatly. The rally will also be helped by a broader bullish crypto market performance in the weeks leading up to the halving.
However, Leb says the timing for XRP to surge past $3.84 cannot exactly be placed right now. Although it should happen before or right after Bitcoin’s halving, he added.
Going by the current price of XRP, $0.68, a surge back to $3.84 will be an over 560% rally. As farfetched as the prediction may seem, crypto prices are generally in a state of massive excitement at the moment.
Bitcoin, for instance, has seen massive gains in recent weeks and an all-time high of $100,000 no longer seems unachievable.
More Bullish Predictions
Interestingly, Leb is not the only analyst who has taken such an eye-catching position on XRP. As earlier mentioned, XRP missed out on the 2021 bullish cycle amid the pressure of selling. Although the situation was a result of Ripple’s case with the SEC at the time, the consensus now is that XRP is due for a surge. However, that may be because of Ripple’s landmark victory against the SEC last July.
Multiple predictions have been rolled out to suggest that XRP is currently poised to outperform most of its counterparts. While Leb was a bit modest with his prediction, some analysts expect the cryptocurrency to hit prices as high as $5.85 and $14.6 if certain conditions are met.
There are no guarantees that these predictions will come true. However, the unanimous position of these leading analysts on XRP suggests a positive outlook for the cryptocurrency shortly.