XRP’s 39-Month Cycle Trend Foreshadows Future $1,000 Potential?
NeverWishing, an anonymous cryptocurrency analyst at TradingView, provides a compelling 39-month cycle trend that has historically culminated in significant XRP price increases. The last time this happened was in mid-2020, just before the 2020/2021 bull market broke out.
The analysis suggests that a resurgence of this historical trend could push XRP to impressive heights, possibly reaching $1,000.
Explore the 39-month cycle
In 2020, XRP surged from $0.17 in June to over $1.9 in April 2021, ending the cycle. Another 39-month cycle ends, reaching the starting point of the previous surge.
Charts provided by NeverWishing show that the next price spike will be more similar to the 2017-2018 surge rather than the 2020-2021 trend. During the last 39-month cycle jump in 2017, XRP surged from $0.005 to an all-time high of $3.3, a gain of 65,900%.
NeverWishing predicts more explosive growth this time around, with XRP potentially surging to a whopping $1,000 by the end of the rally. The surge represents an increase of 191,068% from the current price of $0.5231.
Road to $1000
The chart shows that the surge to $2, starting in November, could last four months. After this, XRP may reach $16 by the end of April 2024. The jump will occur at the same time as the start of the trial and Bitcoin’s halving, which another analyst predicted could cause XRP to surge.
From here, XRP could surge to $118 by June 2024. By the end of December 2024, NeverWishing expects XRP to trade between $869 and $1,000. The date was approximately 13 months from the start of the rally.
Historically, previous 39-month cycle surges peaked in less than a year. The 2017-2018 rise spanned 11 months, while the 2020-2021 rise spans 10 months. NeverWishing believes the next cycle may follow a similar time frame.
It’s worth noting that XRP’s 39-month cycle has similarities to Bitcoin’s four-year cycle. However, unlike Bitcoin’s halving, XRP’s 39-month cycle appears to stick to a time-based framework.
Recent events such as Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC) have fueled bullish sentiment towards the coin. Ripple is also expanding its global reach. Another recent major development is a potential international partnership between the Australian Freight and Trade Alliance (FTA) and Ripple.
NeverWishing, an anonymous cryptocurrency analyst at TradingView, provides a compelling 39-month cycle trend that has historically culminated in significant XRP price increases. The last time this happened was in mid-2020, just before the 2020/2021 bull market broke out.
The analysis suggests that a resurgence of this historical trend could push XRP to impressive heights, possibly reaching $1,000.
Explore the 39-month cycle
In 2020, XRP surged from $0.17 in June to over $1.9 in April 2021, ending the cycle. Another 39-month cycle ends, reaching the starting point of the previous surge.
Charts provided by NeverWishing show that the next price spike will be more similar to the 2017-2018 surge rather than the 2020-2021 trend. During the last 39-month cycle jump in 2017, XRP surged from $0.005 to an all-time high of $3.3, a gain of 65,900%.
NeverWishing predicts more explosive growth this time around, with XRP potentially surging to a whopping $1,000 by the end of the rally. The surge represents an increase of 191,068% from the current price of $0.5231.
Road to $1000
The chart shows that the surge to $2, starting in November, could last four months. After this, XRP may reach $16 by the end of April 2024. The jump will occur at the same time as the start of the trial and Bitcoin’s halving, which another analyst predicted could cause XRP to surge.
From here, XRP could surge to $118 by June 2024. By the end of December 2024, NeverWishing expects XRP to trade between $869 and $1,000. The date was approximately 13 months from the start of the rally.
Historically, previous 39-month cycle surges peaked in less than a year. The 2017-2018 rise spanned 11 months, while the 2020-2021 rise spans 10 months. NeverWishing believes the next cycle may follow a similar time frame.
It’s worth noting that XRP’s 39-month cycle has similarities to Bitcoin’s four-year cycle. However, unlike Bitcoin’s halving, XRP’s 39-month cycle appears to stick to a time-based framework.
Recent events such as Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC) have fueled bullish sentiment towards the coin. Ripple is also expanding its global reach. Another recent major development is a potential international partnership between the Australian Freight and Trade Alliance (FTA) and Ripple.