A cryptocurrency expert has conducted a comprehensive investigation over a period of 39 months, aiming to ascertain the potential timing of a significant surge in the price of XRP, leading to a new record peak. The study signifies a resurgence of this pattern, perhaps resulting in #XRP seeing a significant increase, with the potential to reach a value of $1,000.
The 39-month cycle has been proposed by the pseudonymous crypto analyst NeverWishing on the TradingView platform. This cycle has a consistent pattern wherein the XRP price experiences a notable increase towards the conclusion. The most recent instance of this pattern's culmination occurred in the middle of 2020, immediately preceding the onset of the bull market in 2020/2021.
When this phenomenon was observed three years ago, it culminated in a significant increase in the value of XRP , with its price surging from $0.17 in June to $2 in April 2021. Subsequently, a further 39-month cycle has begun its counting, and once more, it has arrived at the juncture where a surge often manifests.
According to the graphic provided by NeverWishing, the anticipated price increase in the current period is projected to resemble the 2017-2018 surge rather than following the trend shown throughout 2020-2021. During the 39-month cycle leap in 2017, the price of XRP had a significant increase from $0.005 to $3.3 at its highest point, representing a remarkable surge of 66,000%.
Nevertheless, the expert anticipates a significantly greater surge in growth, whereby the value of XRP is projected to escalate from about $0.53 to $1,000 towards the culmination of the rally. This signifies an increase of over 188,000% from the present pricing levels.
According to the graphic provided by NeverWishing, the anticipated price increase in the current period is projected to resemble the 2017-2018 surge rather than the trend observed throughout 2020-2021. During the 39-month cycle rise in 2017, the price of XRP had a significant increase, rising from $0.005 to $3.3 at its highest point. This represents a remarkable surge of 66,000% in value.
Nevertheless, the expert anticipates a far more substantial expansion as the XRP price surges from around $0.53 to $1,000 with the culmination of the rise. This signifies a substantial increase of about 188,000% compared to the present pricing levels.
In pursuit of the main prize of $1,000, the #crypto analyst establishes a designated timeframe for December 2024, approximately 13 months subsequent to the commencement of the rally. If this forecast materialises, it is possible that the trading range for XRP price might be situated within the range of $869 to $1,000 during a period slightly exceeding one year.
The observed pattern of a 39-month cycle has notable similarities to the four-year cycle seen in the context of Bitcoin. In contrast to Bitcoin, which has a notable halving event every four years, the XRP cryptocurrency follows a 39-month cycle without any big event. However, its focus appears to mostly revolve around adhering to a predetermined schedule.
However, certain recent advancements may provide support for a bullish market trend, shown by #Ripple 's several victories over the US Securities and Exchange Commission (SEC) in the current year. Furthermore, Ripple has been strategically increasing its presence on a worldwide scale in its pursuit of a significant market share within the payments industry.
