XRP has captured the attention of analysts once again, as Block Bull (@TheBlockBull), a YouTube personality and crypto analyst, has issued a prediction suggesting a dramatic price increase for XRP by 2025. This prediction hinges on historical cyclical trends and the influence of Bitcoin halving events.
Block Bull’s analysis delves into XRP’s price trajectory, tracing its path from the 2017 cycle to its peak in 2021. Key factors are highlighted, including Bitcoin halving events, breakout points, and long-term trend lines. These elements combined suggest a bullish outlook for XRP.
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A critical aspect of Block Bull’s analysis is a green trendline established in early 2017. This line signifies a consistent upward trajectory that is projected to extend beyond 2023. The analyst identifies a cyclical pattern where each cycle lasts approximately 77 weeks, measured from breakout to peak. This pattern suggests a significant price rise for XRP, with the next major peak anticipated around 2025.
Historical Data Shows the Cyclical Theory
Further bolstering Block Bull’s prediction is the observed alignment between XRP’s market peaks and past Bitcoin halving events. Following the 2016 and 2020 Bitcoin halvings, XRP’s peaks showed similar behaviors, suggesting a cyclical pattern.
This established pattern leads Block Bull to anticipate a similar timeline for the upcoming cycle. The Bitcoin halving occurred recently, and analysts are confident that massive cryptocurrency surges are coming. Based on Block Bull’s analysis, XRP could reach its next significant peak around October 2025, adhering to the 77-week time frame.
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Realized Market Cap and Market Dominance
It is helpful to consider the realized market capitalization to gain a more comprehensive understanding of XRP’s valuation. This metric reflects the average price at which each XRP coin last moved, adjusted for inflation and lost coins. At press time, Messari’s data showed XRP’s realized market capitalization stands at approximately $55 billion.
This figure indicates a relatively stable valuation for XRP over the past few months, with the metric peaking at $56 billion. Despite market fluctuations, the realized market cap suggests a consistent investor valuation for XRP.
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However, a different picture emerges when examining XRP’s market dominance. Over the past year, XRP’s share of the total cryptocurrency market capitalization has shrunk significantly, dropping from around 2.5% to 1.2%. This decline signifies XRP’s diminishing share compared to other cryptocurrencies.
Despite this, a prominent analyst recently predicted a resurgence of XRP dominance that could potentially lead it to $10. However, Block Bull has bigger dreams, as he believes XRP can end the cycle at $246.6.
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