Ripple CTO David Schwartz drew attention to XRP’s spectacular performance over the last seven years. Schwartz took the stage to respond to criticism from a follower. Meanwhile, following the recent Bitcoin halving, different price predictions for XRP continue to come in. We took a look at some of the most notable XRP price predictions.
XRP performance assessment from Ripple CTO
As you have been following on Kriptokoin.com, the crypto market saw strong gains in March. However, XRP’s performance was unsatisfactory due to the SEC battle with Ripple. This has led to criticism from XRP investors. However, from a broader perspective, the situation doesn’t look bad at all. As a matter of fact, Ripple CTO David Schwartz also approaches XRP’s performance from this perspective.
A follower of the Ripple CTO claimed that he suffered losses in his seven-year XRP holding. David Schwartz took the stage to highlight XRP’s 1,500% growth over the last seven years. In response to the user’s claim, Schwartz noted that XRP was trading at around $0.033 exactly seven years ago. He noted that if an investor held XRP assets during this time, they would have earned a profit of 1,500% with an annual percentage yield (APY) of 47%. In this context, Schwartz made the following statement:
Seven years ago it was 19.4.2017. XRP was $0.033 on 4/19/2017. This is equivalent to an APY of 47% and an increase of 1,500%.
Following this conversation, the user’s claim that he had been holding XRP for the last seven years turned out to be partially untrue. This is because the follower later revealed that he bought XRP in January 2018, right after it fell from its ATH level of $3.84.
XRP price predictions after Bitcoin halving
Last month, crypto analyst Leb evaluated XRP’s price movements over a 2-week period. As a result of this assessment, the analyst claimed that XRP could exceed its latest ATH. Thus, he predicted that XRP will eventually reach $3.84 after the halving. Another market analyst, CrediBULL, predicted a close increase in XRP after the halving. However, he weighed this projected increase against Bitcoin’s price movements. According to CrediBULL, it is possible that XRP could rise 100% against BTC in the period after the halving.
Google Bard, Google’s experimental AI project, predicted a higher XRP increase for every 100% increase in Bitcoin’s post-halving price. As a result, it suggested that XRP would reach $38.5 if Bitcoin reached $100,000. He also claimed that XRP would reach $46.5 if Bitcoin rises to its ambitious $250,000 target. However, it should be noted that these predictions have no valid background. The AI bot only predicts a certain proportional increase between BTC and XRP.
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