Is December the Month of XRP? Historical Data Suggests a Strong Finish Compared to Bitcoin

Historically, December is typically a favorable month for Bitcoin, often resulting in positive gains. However, exciting data from CryptoRank indicates that XRP may outperform Bitcoin as the year ends, despite its usual median December performance being negative.

Key Takeaways

Bitcoin's December Performance: Historically, Bitcoin shows a positive trend in December, with an average price increase of 8.42%.
XRP's Unique Trend: Although XRP's median price change in December is negative (-3.16%), its average price surge is remarkable at 69.6% due to impressive past performances.
Historical Surge: In notable past December months, XRP saw substantial increases: 118.1% in 2014, 531.9% in 2017, and an astounding 818.9% during the extended 2017 data.
Market Predictions: While Bitcoin’s behavior tends to be predictable, XRP tends to present more volatility and the potential for substantial gains as the month progresses.

Is December the Month of XRP? Historical Data Suggests a Strong Finish Compared to Bitcoin

Understanding December's Performance in Crypto Markets

December has traditionally been a solid month for Bitcoin, with historical market trends showing that it often finishes positively, avoiding significant declines. According to long-term data from CryptoRank, Bitcoin's average price increase during December stands at 8.42%. Many notable years illustrate this pattern, including 2017 (38.8%), 2020 (47.8%), and 2016 (29.2%), indicating that December is a time when Bitcoin frequently solidifies its value.

Price History Analysis
Source: CryptoRank

In contrast, XRP exhibits a different demeanor in December. Its median December return is negative at -3.16%, which typically cautions traders. However, a closer look reveals that XRP's average performance is significantly more favorable at 69.6%, driven by a few exceptional years that have significantly influenced its historical data.

XRP's standout years include remarkable price hikes of 118.1% in 2014, 531.9% in 2017, and an extraordinary 818.9% during the extended data sequence in 2017. Such impressive surges illustrate price movements that modify historical trends, creating opportunities that Bitcoin does not replicate in December.

For this reason, December represents a unique scenario for XRP. While Bitcoin offers a level of predictability in its performance, XRP introduces an element of imbalance, along with the potential for remarkable price increases. If historical trends hold true, Bitcoin may maintain its stability, but XRP possesses a statistical advantage that may allow it to exceed Bitcoin's performance as December unfolds.