The price of XRP may not see an explosive rally in October as expected

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Expression “Up” He gained popularity on the cryptographic market, because in the past in the past it brought profits in the past. However, at the XRP price, the image looks completely different. A closer look at his story shows a mix of enormous victories and painful losses, which makes October much less predictable.

Removal of extreme years shows that data indicate flat or negative results, which means investors counting on an explosive rally It can end in disappointed. Although in some cases the last quarter of the year brought significant profits, the overall record remains inconsistent, which suggests that “support” can be more a myth than a promise for XRP owners.

Historical data question the “right” of noise at the price of XRP

Every October, the cryptocurrency community hopes that the coins will raise, and although Bitcoin sometimes meets this expectations, the history of XRP tells a different story. Data from Cryptorank shows that XRP Over the past decade has experienced significant fluctuations in October. In 2013, the token increased by over 94%. In 2014, it jumped by 130%. In 2020, he even delivered an explosive rally almost 179% in just one month.

Source: Cryporaank

But these Huge rallies are uncommon. In many other years, the results were disappointing. For example, the price of XRP suffered two -digit losses in October 2018 and 2021. In other years, profits were delivered only in miniature amounts, much below what traders counted on. Removing the ups and downs General airy trend. The median return from October for XRP is actually a miniature loss of 1.79%, and the average return is even worse at -4.58%.

These data suggest that October is much more exposed to disappointment than Explosive growth for XRP owners. While the idea of ​​”Uptober” may seem electrifying, the history of XRP shows that his performance in October is dispersed, unpredictable and often hostile.

Q4 patterns show the risk of relying on seasonal myths

Some traders say that even if October is not always a great month, price XRP It usually works well in the last quarter of the year. Indeed, the last quarter sometimes provided enormous rally, and the average return from the quarter for XRP is almost 88%. But these results are strongly distorted by a few extraordinary years. When the numbers are balanced, the median return to Q4 is actually a loss of 4.32%.

The negative median return of Q4 shows that the perception of the Q4 strength is not as credible as many think. The outstanding rallies do not represent a typical result. Instead, most of the years end in modest and even negative. The pattern indicates the risk, It is not certainFor those who assume that each Q4 will bring green candles.

Earlier data prove that although unusual mileage is possible, they are uncommon, and the more common result is much less electrifying. XRP may still surprise upBut history warns against treating October as a guaranteed month of profits. Believing noise without risk considering can leave investors unprepared for disappointment.

Xrp price greyhound from tradingview.com
The price does not recover $ 3 Source: Xrpusdt at tradingview.com

A distinguished painting created from Dall.e, chart from tradingview.com

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