XRP Price Set for July Surge; Historical Data Backs It

CryptoRank data shows XRP has posted gains in the last five Julys, suggesting July could be the next bullish month for the altcoin.

XRP’s price may be on the brink of a bullish rally, according to historical data and crypto analysts. Over the past five years, XRP has seen strong gains each July, making it a potential breakout month for the altcoin.

While the market has been largely bearish, particularly between April and June, July has stood out as a month of significant growth for XRP, with double-digit gains recorded in four of those years.

Many crypto analysts, such as CasiTrades, believe that XRP has the potential of attaining a new all-time high in this current market cycle. The basis of this possibility is in the end of the consolidation period of the altcoin, which, according to analysts, is now coming to an end.

Dark Defender, another analyst, predicts that after this consolidation, XRP could enter a bullish “Wave 5,” with target prices ranging from $3.75 to $5.85—new ATHs for the token.#FederalReserveIndependence