Post-Halving Patterns Confirm XRP Still Needs 7 Weeks for Bull Run to Start
XRP is showing mixed performance amid Bitcoin's all-time high, with analysts predicting a massive bull run to start in seven weeks based on historical post-halving trends.Today, XRP registered a loss of 4% in its 24-hour performance, trading at $0.5841. This comes despite Bitcoin reaching an all-time high above $82K, with over 3% gains today.Meanwhile, at its current price, XRP is 14% higher than its lower threshold from a week ago. XRP even reached a multi-week high of $0.616 yesterday before the recent retracement. However, when looking at the weekly performance of other top-ranking assetsBitcoin includedXRP's gains appear relatively modest.For example, Cardano (ADA) and Dogecoin (DOGE) have surged by over 80% this week despite recent pullbacks. XRP's weaker performance compared to its rivals has sparked significant discussion in the crypto community, with analysts attempting to provide reasons for holders to remain bullish on XRP.In a recent analysis, "Block Bull," a widely followed trader, issued a bold timeline for XRPs full-scale bull run. According to the analyst, it's not yet time for XRP's violent bull run, but it will be in seven weeks. He emphasized that it will take another seven weeks for XRP enthusiasts to see their wildest dreams become a reality.How the 7-Week Timeline Came About: Historical TrendsThe analyst derived this bold timeline based on the time it took XRP to start its bull run in previous cycles following Bitcoin halving events. The chart accompanying the analysis showed that XRP took 252 days post-Bitcoin halving to begin its explosive rally in 2017, which culminated in XRP reaching an all-time high.In the 2020/2021 cycle, XRP also took 252 days post-halving before breaking out and rallying by over 942%.According to this analysis, the timeline for XRPs next run is still 49 days (or seven weeks) away, which would mark the 252-day point from the most recent Bitcoin halvingat which time XRP is expected to commence its dramatic surge.Notably, other analysts agree with Block Bulls perspective, predicting that XRPs surge is imminent. Some have even pointed to other metrics, such as symmetric triangle breakouts, to support this view.However, there is growing skepticism about XRP within the crypto community. Numerous bold predictions about XRP's potential have failed to materialize in recent times. As a result, some critics have even suggested that Cardano (ADA) could overtake XRP as XRP enthusiasts continue to wait for the long-anticipated bull run.
Text source: The Crypto Basic
