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 nosedive to $0.51 as bears take control | Source:
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.
Roadmap to $1,000 | Source: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 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.