Market Analysts Identify Potential Timeline for the Next XRP Bull Run, Citing Historical Data from Past Bitcoin Halvings

The prediction comes from two market analysts, PharaohX and The Block Bull, both of whom analyzed previous XRP price movements following Bitcoin halvings.

As the dust settles on the recent Bitcoin halving, market analysts are turning their attention to what the next eight months could hold for XRP.

Two analysts, PharaohX and The Block Bull, have independently analyzed XRP’s past price movements following Bitcoin halvings and arrived at similar conclusions. Their analyses suggest that XRP could begin its next bullish move around December 2024 to January 2025.

PharaohX observed a pattern emerging from the last two major Bitcoin halvings. He noted that XRP tends to begin its upward movement eight months after each halving, a trend that has held steady in both 2016 and 2020.

For instance, after the 2016 Bitcoin halving in July, XRP’s bull run began in March 2017, during which it surged from $0.005 to the all-time high above $3. According to PharaohX, XRP witnessed an impressive 68,000% increase within this period.

The next halving occurred in May 2020, and similarly, XRP’s bullish move began around January 2021. Although XRP’s gains were smaller during this cycle—around 900%—the milder growth was largely due to the uncertainty surrounding the U.S. Securities and Exchange Commission (SEC) lawsuit at the time.

With the April 2024 Bitcoin halving now behind us, PharaohX suggests that XRP is likely to initiate its next rally by late December 2024 or early January 2025. This would follow the same pattern as the last two previous cycles.

"This current market cycle has similarities to the 2017 bull run. While it may not be realistic to expect XRP to replicate its 68,000% gain from 2017, I am confident that the altcoin could experience a massive increase," PharaohX stated.

He even presented a hypothetical scenario where a similar percentage increase from the $0.28 low could push XRP to $190. Such a rally would bring XRP’s market cap to $10.8 trillion.

"A push to $190 is possible, but not guaranteed. However, the court’s declaration that XRP is not a security has removed a major barrier, enabling potential growth in institutional interest, especially with the anticipated introduction of XRP exchange-traded funds (ETFs),“ PharaohX added.

On the other hand, The Block Bull, in his analysis, used a weekly chart to identify the optimal entry point for XRP after each Bitcoin halving.

His analysis showed that if we count 33 weeks after a Bitcoin halving, it tends to be an ideal entry point, coinciding with previous cycle bottoms.

On his chart, he marked this optimal entry point, and interestingly, it lines up with the bottom of XRP in the last two Bitcoin halving cycles.

According to The Block Bull, this optimal entry point comes around December 9 to 16 this year, a month after the US election. This is in line with PharaohX’s projection for XRP’s next upward movement to begin around December 2024.

At the time of writing, XRP trades for $0.5181, down 0.65% in the last 24 hours.