- Block Bull predicts XRP could reach $250 by 2025, based on cyclical patterns and Bitcoin halving events.
- XRP’s price has historically peaked following Bitcoin halvings, with the next peak expected in October 2025.
- XRP’s realized market cap stands at $55.2 billion, indicating steady investor valuation despite market volatility.
Block Bull, a YouTuber and cryptocurrency expert, projects that XRP will hit $250 by 2025. His approach is predicated on long-term trend lines, past price movements, and Bitcoin halving events.
According to Block Bull’s research, since 2017, the price of XRP has consistently followed a cyclical pattern, suggesting that the current cycle has a good outlook.
Block Bull’s charts emphasize numerous critical features, including breakout points and #BitcoinHalving events, which have historically coincided with big price gains in #XRP. According to his analysis, each cycle lasts approximately 77 weeks from breakout to peak. With the latest Bitcoin halving occurring in April 2024, Block Bull anticipates the next major peak for XRP around October 2025.
Historical Trends and Current Market Data
XRP’s price history shows a correlation with Bitcoin halving events. Following the 2016 and 2020 halvings, XRP reached market peaks in alignment with these events, reinforcing the cyclical behavior observed by Block Bull. His prediction for XRP’s price to reach $250 by 2025 is rooted in these historical trends and patterns.
As of press time, data indicates that XRP is trading at $0.5001 and has a $27.65 billion market capitalization. Historical data and Technical analysis suggest that there is potential for long-term growth despite a recent drop. A period of consolidation precedes any notable market changes, as indicated by technical indicators such as the Relative Strength Index (RSI) and the Exponential Moving Average (EMA).
As of April 2024, XRP’s realized market capitalization, which reflects the average price at which each unit last changed, was roughly $55.2 billion. This metric has shown stability over the past months, peaking at $56 billion. Despite fluctuations, the realized market cap suggests steady investor valuation amid market volatility.
Read Also:
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
