Based on historical data, July could be the next bullish month for the XRP price

Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.

Crypto trader Egrag Crypto predicts that XRP could hit double-digit gains by its July 21 cycle peak. He alludes to the altcoin's previous bull runs as to why July could mark this cycle's peak. The analyst believes the Ripple price could reach $27 by then.

As the crypto market continues to be in a downtrend, crypto analysts are still hopeful that some altcoins could reach new all-time highs (ATHs) this year. Amid this downturn, a crypto analyst has predicted that the XRP price could hit double digits by its July 21 cycle peak.

The crypto analyst, known on X as Egrag Crypto, alluded to the altcoin's previous bull runs as to why July could mark this cycle's peak. The analyst predicts that the XRP price could reach $27 by then.

Predicting that the altcoin's current consolidation phase could end soon, the crypto analyst noted that in 2013, Bitcoin's first cycle began in November and reached its peak in December. He added that the crypto market then went into a bear market, which lasted for about 18 months before the next cycle began in April 2015.

According to the analyst, this cycle peaked in July, after which the crypto market went into another bear market that lasted for about 18 months before the next cycle began in November 2016.

Pointing out that this cycle peaked in May and went into a bear market, which lasted for about 15 months before the next cycle began in February 2018, Egrag Crypto stated that this cycle peaked in July. Afterward, the crypto market went into another bear market, which lasted for about 14 months before the next cycle began in April 2019.

This cycle peaked in August, he said, and the crypto market went into another bear market, which lasted for about 13 months before the next cycle began in September 2020.

Predicting that this cycle will peak in July, the crypto analyst said that the crypto market will then go into another bear market, which will last for about 12 months before the next cycle begins in August 2021.

This cycle will peak in June, and the crypto market will go into another bear market, which will last for about 11 months before the next cycle begins in July 2022.

According to the analyst, this cycle will peak in May, and the crypto market will go into another bear market, which will last for about 10 months before the next cycle begins in June 2023.

Predicting that this cycle will peak in April, the crypto analyst said that the crypto market will then go into another bear market, which will last for about nine months before the next cycle begins in May 2024.

According to the analyst, this cycle will peak in March, and the crypto market will go into another bear market, which will last for about eight months before the next cycle begins in April 2025.

Predicting that this cycle will peak in February, the crypto analyst said that the crypto market will then go into another bear market, which will last for about seven months before the next cycle begins in March 2026.

According to the analyst, this cycle will peak in January, and the crypto market will go into another bear market, which will last for about six months before the next cycle begins in April 2027.

Predicting that this cycle will peak in December, the crypto analyst said that the crypto market will then go into another bear market, which will last for about five months before the next cycle begins in May 2028.

According to the analyst, this cycle will peak in November, and the crypto market will go into another bear market, which will last for about four months before the next cycle begins in June 2029.

Predicting that this cycle will peak in October, the crypto analyst said that the crypto market will then go into another bear market, which will last for about three months before the next cycle begins in July 2030.

According to the analyst, this cycle will peak in September, and the crypto market will go into another bear market, which will last for about two months before the crypto market bottoms out and the next cycle begins in August 2031.

Predicting that this cycle will peak in August, the crypto analyst said that this final top will be a triple peak, which will mark the end of the crypto market as we know it.

The crypto analyst went on to note that most of the altcoins have been struggling to stay afloat amid this market downturn. However, he believes that some of the altcoins could still reach their ATHs this year.

Pointing out that the XRP price dropped to lows of $0.30 in