The post Ripple Price Prediction: XRP’s Optimistic Outlook for April 2024 appeared first on Coinpedia Fintech News
The XRP community has been buzzing with excitement and conjecture, pondering the possibility of XRP’s price soaring to a whopping $130. This intriguing notion stems from a previous statement by David Schwartz, Ripple’s Chief Technology Officer.
XRP Reaching $130 Soon
In April 2020, Schwartz commented on an extraordinary 1,871% surge in Liberty Tripadvisor class B shares (LTRPB) in the traditional stock market.
It eventually went from $4.51 on April 14 to $130 on April 15. He said he wished he had kept some of it. This surge was notable because of the typically low volatility in traditional stocks.
At the time, Schwartz was talking about what happened with that other thing, LTRPB. But some folks in the XRP community started thinking, “Hey, maybe XRP could reach $130, too.
XRP Captain, April 2024 could be the perfect time for XRP to hit the $130 target
Fast forward to today, and the speculation has gained fresh momentum. A pseudonymous community member, XRP Captain, has put forth an intriguing theory.
He proposed that April 2024 might be the right time for XRP to hit the $130 mark. This projection is based on the alignment of dates related to the Ripple vs. SEC lawsuit and the next Bitcoin halving, expected on April 25, 2024.
Judge Analisa Torres presides over the SEC vs. Ripple case, recently set a trial date for April 23, 2024, with the final pretrial conference scheduled for April 16, 2024.
XRP Captain thinks it might be the right time for XRP to reach that $130 price when these events line up. But many people aren’t sure if this can happen so fast.
Right now, XRP is trading at about $0.5262. So, for it to go to $130 by April 2024, it would need to go up by a huge 24,605%. That’s a big jump and would make XRP worth $6.9 trillion, more than six times the total value of all cryptocurrencies today.