The coming of the next BTC halving in the 3rd week of this month has drawn a lot of hype. It is said to be one of several factors that is causing BTC price to rise this year. Other factors are the Spot BTC approval in January of this year and expectations that the Feds will start to cut interest rates this year.

There is a high correlation between the BTC price based on its halving cycles and the general crypto bull cycles. The halvings occur once in roughly 4 years and the crypto market (including BTC) also moves in 4 yealr cycles. 

Based on the 3 BTC cycles we have had so far, the crypto bull cycle does not exactly coincide with BTC halvings. 

Price tend to consolidate around the halving, take off a few weeks after halving and reach the top of cycle in the following year. 

As the BTC halvings occur in 2016, 2020 and 2024 the crypto market topped in 2017, 2021 and if history repeats will top in 2025.

XRP started to go parabolic in 2017 and hit an All Time High of $3.84 in Coinbase during 2018.

However XRP did not do well in the Crypto bull cycle that topped in 2021. Instead it crashed to hit a low of $0.22 😮

What happened that such a huge anamoly occurred? The SEC started a law suit against Ripple. the team behind XRP, that it sold XRP as an unregistered security. 

The legal battle has dragged on for years and has kept XRP down. Following a ruling by judge Torres was not a sucurity, the price of XRP jumped but was not able to break $1.

The SEC is not giving up and is trying to make Ripple pay a penalty of $2 billion. If the SEC succeeds, it will cause XRP price to crash again. 

The FUD and also the recent market correction saw the price of XRP going to $0.5 but has recovered to $0.6.

A long way off from its ATH of $, 3.84

How will XRP do in the present bull cycle? 

There is exciting developments regarding XRP that can lead to its price well exceeding the ATH 🦋

I will go into what is happening for XRP in another post 🦋