Rally

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-surging-xrp-value-before-bitcoin-halving-event">Analyst Predicts Surging XRP Value Before Bitcoin Halving Event</a><br></p>
<p style="text-align: justify">Crypto analyst Ben Armstrong posits that the current market position represents possibly the last opportunity to acquire <a href="https://en.bitcoinhaber.net/will-ripple-xrp-rise-by-more-than-20-in-the-coming-weeks">XRP</a> at a bargain before an anticipated significant price increase. The digital asset, which has recently seen more than an 8% decline, trading at $0.6017, could ascend to $1, or even retest the $2 mark, as per Armstrong’s forecast, coinciding with the nearing <a href="https://en.bitcoinhaber.net/record-breaking-bitcoin-transaction-volume-in-january-2024">Bitcoin</a> halving event.</p> 
<h2 id="potential-xrp-rally-on-the-horizon">Potential XRP Rally on the Horizon</h2> 
<p style="text-align: justify">Amid its current slump, Armstrong advocates for the potential growth of XRP, suggesting that once it overcomes the $0.70 resistance, the climb to a dollar and possibly higher is imminent. Armstrong conveyed his insights through a video, examining several cryptocurrencies that might experience a significant bull market surge.</p> 
<h2 id="armstrong-s-xrp-price-trajectories">Armstrong’s XRP Price Trajectories</h2> 
<p style="text-align: justify">Armstrong lays out three scenarios for XRP’s progress. He believes that the most optimistic forecast could see XRP hitting its highest peak of $3.84 before Bitcoin’s halving in April, although he tempers this prediction with moderate certainty. Alternatively, a less ambitious but still positive scenario would have XRP touching the $2 point prior to the halving, with a more conservative goal being the $1 benchmark, which would entail a substantial 66.1% increase from its current valuation.</p> 
<h2 id="broader-crypto-market-faces-uncertain-times">Broader Crypto Market Faces Uncertain Times</h2> 
<p style="text-align: justify">Additionally, Armstrong offers a sobering outlook for the wider <a href="https://en.bitcoinhaber.net/bitcoins-bear-season-gains-momentum-analyst-highlights-4-altcoins-ready-to-explode">cryptocurrency</a> market as it approaches the halving. He anticipates a possible downturn in the weeks leading up to the event, with the upbeat trend potentially fizzling out as the first quarter concludes. Despite this, he forecasts a rebound with considerable gains before the current bull market cycle comes to an end next year.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-predicts-surging-xrp-value-before-bitcoin-halving-event">Analyst Predicts Surging XRP Value Before Bitcoin Halving Event</a></h5>

Analyst Predicts Surging XRP Value Before Bitcoin Halving Event

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