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Breaking News: Bitcoin Crashes Near $60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead
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Breaking News: Bitcoin Crashes Near $60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead

Analyst Spots XRP Signal That Preceded Every Major Rally Since 2017

Christian Encila
Christian Encila
Last Updated: June 5, 2026 6:00 am
2 mins read
XRP

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XRP may be heading toward a significant price recovery if a rare technical signal repeating across multiple market cycles holds true again.

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Based on analysis, a long-term ascending channel that has guided the token’s price since 2017 currently has XRP sitting just above its lower support boundary — a position that, combined with a deeply depressed momentum reading, has analysts watching closely.

A Pattern Decades In The Making

The monthly relative strength index for XRP has fallen to 42.7, according to analysis published by market commentator Celal Kucuker.

That reading places it near the lowest levels recorded in the token’s trading history, a range that has shown up only three times before — in November 2015, March 2020, and August 2022. Each instance was followed by a substantial price run higher.

The ripple:native monthly chart is screaming.

2017 — XRP exploded.
2021 — XRP exploded.
2024 — XRP exploded.
Is 2026 next?
Ripple before every major rally, this momentum indicator reached the same extreme low zone.
Now it’s back at historical levels once again. pic.twitter.com/ElwEx7ANPW

— Celal Kucuker (@CelalKucuker) June 3, 2026

The 2015 episode came while XRP was trading inside a symmetrical triangle pattern, with the price having pulled back sharply to around $0.0040 and the monthly RSI landing at 46.7.

That setup preceded the broad 2017 rally cycle. In March 2020, during a period of widespread market selling, the monthly RSI fell to 43.7 and the token reached a low near $0.104 before rebounding to $1.97 by April 2021.

A third occurrence came in August 2022, when prices dropped to $0.31 and the RSI reached 43.9. XRP eventually climbed to $3.40 by January 2025.

What The Chart Is Showing Now

XRP has dropped more than 10% in June alone, with the first four days of the month bringing the token to multi-month lows around $1.18. A 9% decline was recorded in the last week.

Despite the selling pressure, reports indicate the token has held above the lower boundary of the ascending channel that has contained its price movements for nearly a decade.

XRPUSD trading at $1.17 on the 24-hour chart: TradingView

Kucuker’s analysis highlights that what sets the current setup apart is the combination of two conditions occurring together: price holding at long-term structural support while the monthly momentum indicator has already fallen back to historically low ground.

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In prior cycles, momentum reached these depths either at the same time as the price bottom or just before a sustained recovery began.

The Channel’s Upper End In Sight

Should the same pattern play out, the initial price target would be the upper resistance line of the ascending channel. Reports note that each time XRP has tested the channel’s lower support, it has eventually moved toward the upper boundary.

Featured image from Gemini, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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