$XRP could be gearing up for a major surge this July, and historical data backs the hype. Over the past five years, the altcoin has consistently posted strong gains in July, making it a potential breakout month.
While the market often slumps between April and June, July has been a standout month for $XRP , delivering double-digit returns in four of those years.
XRP Monthly Returns Chart
Source: Cryptorank
Analysts like CasiTrades believe $XRP is poised for a new all-time high this cycle as its prolonged consolidation phase nears an end. Dark Defender goes further, predicting a bullish "Wave 5" that could propel XRP to $3.75 to $5.85 -- shattering previous records.
However, the altcoin is not without risk, as XRP may possibly drop below the $2 mark before the start of the rally. Major liquidation event could drag the price down to as low as $1.4. But if the correction is short-lived, the price of #XRP could rise above $2.22 and $2.30 to target new highs.
As July approaches, traders are watching closely – will history repeat itself?
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