Grok AI, in response to a query from DAI, has estimated that XRP typically experiences a surge of over 21% in the 120 days following each Bitcoin halving event. Based on this estimation, XRP could potentially reach $1.06 by August, although this is subject to various factors such as the ongoing litigation with the SEC and the launch of stablecoin. The highly anticipated Bitcoin halving occurred on Friday, April 19, 2024, slightly after 8:09 p.m. (UTC). ViaBTC mined the 840,000th block on the Bitcoin network, resulting in the reduction of the rate at which new Bitcoins are created every 10 minutes to 3.125. Prior to this event, market analysts and commentators, including DAI, discussed the price impact of previous halvings, with a particular focus on XRP. DAI’s analysis, which relied solely on the insights provided by Grok AI, indicated that XRP typically experiences a significant surge in the 120 days following a halving event. However, it is important to note that this time, the outcome is uncertain due to factors such as the conclusion of the SEC lawsuit, the release of a stablecoin, and the potential introduction of stablecoin legislation.
