The Potential for XRP to Rally to a New All-Time High
A crypto analyst has conducted a 39-month analysis that may provide insights into when the XRP price could experience a significant surge, potentially reaching a new all-time high. This analysis is based on a recurring trend that has been observed in the past.
The 39-Month Cycle
The analyst, known as NeverWishing, has identified a compelling 39-month cycle trend that often precedes a substantial increase in the XRP price. The most recent completion of this trend occurred in mid-2020, just before the start of the bull market in 2020/2021.
Three years ago, when this trend was last marked, the XRP price rose from $0.17 in June to $2 in April 2021. Now, another 39-month cycle has begun and has reached the point where a surge typically occurs.
Comparing Previous Trends
According to NeverWishing’s chart, the expected price jump this time around is anticipated to resemble the jump observed in 2017-2018 rather than the one seen in 2020-2021. During the 2017 cycle, XRP experienced an astounding increase from $0.005 to $3.3 at its peak, representing a 66,000% surge in price.
Predicted Growth for XRP
The analyst predicts even more explosive growth for XRP during this current cycle. They anticipate that the XRP price will rise from approximately $0.53 to $1,000 by the end of the rally, resulting in an increase of over 188,000% from current price levels.
Important Price Levels and Ripple’s Expansion
Additionally, NeverWishing outlines some important price levels, including $16 by the end of April 2024 and $118 by June 2024. It is worth noting that Ripple, the company behind XRP, has been actively expanding its global presence as it aims to capture a significant portion of the payments sector.
Hot Take: XRP’s Potential for a Monumental Price Surge
An analysis based on a recurring 39-month cycle trend suggests that XRP may be on the verge of a significant price surge, potentially reaching new all-time highs. While past trends have shown substantial increases in the XRP price, the current cycle is predicted to be even more explosive.
If the analyst’s predictions hold true, XRP could experience an unprecedented rise from its current price level to reach $1,000. This would represent a staggering increase of over 188,000%. With important price levels outlined and Ripple’s global expansion efforts, it will be interesting to see if this trend plays out as anticipated.
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