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39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here’s When
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39-Month Cycle Says XRP Price Is Poised For Breakout To $1,000, Here’s When

Scott Matherson
Scott Matherson
1 year ago
3 mins read
XRP bull

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A crypto analyst has presented a 39-month analysis that could determine when the XRP price will rally to a new all-time high. The analysis marks a return of this trend, which could see XRP rise as high as $1,000.

The 39-Month Cycle

Pseudonymous crypto analyst NeverWishing on TradingView has presented a rather convincing 39-month cycle trend that often ends with the XRP price seeing a significant rise. The last time this trend was completed was back in mid-2020 just before the 2020/2021 bull market began.

When this trend was marked three years ago, it ended with the XRP price rallying from $0.17 in June to $2 in April 2021. Since then, another 39-month cycle began counting and once again, it has reached the point where a surge usually occurs.

In the chart presented by NeverWishing, the expected price jump this time around will be less like the 2020-2021 trend and more like the 2017-2018 jump. In 2017 when the 39-month cycle jump took place, XRP went from $0.005 to $3.3 at its peak, meaning a 66,000% jump in price.

However, the analyst expects even more explosive growth with the XRP price going from around $0.53 to $1,000 by the time the rally is complete. This means a more than 188,000% rise from the current price levels.

XRP price chart from Tradingview.com

XRP nosedive to $0.51 as bears take control | Source: XRPUSD on Tradingview.com

When Will The XRP Price Reach $1,000?

The previous 39-month cycle jumps outlined by the crypto analyst both hit their peak a little less than a year later. The 2017-2018 rally was 11 months and the 2020-2021 rally was 10 months, so it is expected that it will stick close to this timeframe this time around.

NeverWishing’s chart shows the rally starting in November and hitting $2 in the next four months. From then on, there are multiple important price levels outlined including $16 by the end of April 2024 and $118 by June 2024.

XRP price chart from Tradingview.com (Crypto analyst)

Roadmap to $1,000 | Source: Tradingview.com

Then for the grand prize of $1,000, the crypto analyst sets a target date for December 2024, around 13 months from the rally’s start. So if this prediction does come to pass, the XRP price could be trading between $869-$1,000 in a little over a year.

The 39-month cycle trend looks similar to the four-year Bitcoin cycle. However, unlike Bitcoin whose four-year cycle is characterized by the infamous halving event, the XRP 39-month cycle does not have a significant event. Instead, it looks to just follow work mainly on a timeframe basis.

Nevertheless, some recent developments could lend credence to a bull rally such as Ripple’s multiple wins over the US Securities and Exchange Commission (SEC) just this year alone. Additionally, Ripple has been expanding its footprint globally as it looks to take a big chunk of the payments sector for itself.

Featured image from Bitcoinist, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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