XRP has entered a technical trading zone not seen in 13 years, with analysts projecting a potential rally to $15 even as Bitcoin's breakdown below $70,000 keeps the broader crypto market under pressure.
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XRP enters rare 13-year zone as analysts flag 1,000% surge to $15
XRP has entered a technical trading zone not seen in 13 years, with analysts projecting a potential rally to $15 even as Bitcoin's breakdown below $70,000 keeps the broader crypto market under pressure.
XRP traded near $1.12 on June 7, down 71% from its cycle peak, as the token entered a chart pattern last observed in 2013 that historically preceded major breakouts.
"The current setup mirrors accumulation phases that preceded explosive moves in prior cycles," said Bob Loukas, a veteran trader. "But the broader downtrend remains intact, and any rebound could be sold into."
XRP has declined in five of the past six months, with June already down 15.7%, according to CoinGecko data. The only green month was April's 2.13% gain. Despite the bearish price action, the token's relative strength index has dropped to levels that preceded powerful rebounds — including a 281.7% rally in November 2024 and a 47.6% surge in July 2023.
The divergence between XRP's long-term technical pattern and the immediate macro headwinds creates a binary setup. If Bitcoin stabilizes above $60,000, XRP could target $15 — a 1,000% gain from current levels. But a further 50% decline toward $0.56 remains possible if selling pressure intensifies, Loukas warned, with a global bottom expected closer to autumn or winter 2026.
Bitcoin's $70K breakdown adds pressure
Bitcoin's loss of the $70,000 support level during Tuesday's risk-off session has weighed on the entire crypto market. The largest cryptocurrency traded near $62,200 on June 7, about 6% above Germany's average sale price of $57,900 for the 49,858 BTC it sold for $2.89 billion, Arkham Intelligence data shows.
Bitcoin's daily RSI dropped to around 15.5, its most oversold reading since the March 2020 COVID-19 crash, according to TradingView data. Similar readings in 2020 and February 2026 preceded relief rebounds of about 50% and 30%, respectively. A move above $70,000 would signal reduced selling pressure, while a break below $60,000 could open the door to the mid-$50,000s.
Market data from Ali Charts shows 10.46 million Bitcoin are now held at a loss, a threshold that has historically coincided with major bottoms. Short-term holders are realizing their largest losses on record, with the realized profit/loss ratio dropping to a new all-time low, according to Checkonchain data cited by analyst Scott Melker.
For XRP, the path depends on Bitcoin's ability to hold current support. A BTC recovery toward $70,000 would likely lift XRP and other altcoins, while a deeper selloff could push XRP toward the $0.56 area before any sustainable bottom forms.
This article is for informational purposes only and does not constitute investment advice.
[1] XRP Back in a Rare 13-Year Zone — Analysts Say a 1,000% Surge to $15 is on the Table[2] Planning to Buy XRP? Rare Price Outlook by Trading Expert Bob Loukas Urges Caution[3] Bitcoin’s Next 6% Move Could Decide Market Direction[4] Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?[5] Bitcoin price prediction 2026-2032: Will BTC hit $150k soon?
