XRP About to Print 5 Consecutive Red Monthly Candles: XRP Price Spiked 60,000% Last Time It Happened
24/7 Wall St. • • business
Key Points:
- XRP is on track to record its fifth consecutive red monthly candle, a rare event last seen from October 2016 to February 2017, which preceded a massive 60,000% rally by January 2018.
- The current decline mirrors the 2016-2017 pattern in depth and duration, with a 50-60% drop over five months, but XRP's market cap has grown to $88 billion, making another 60,000% rally practically impossible.
- Analysts suggest a more realistic upside for XRP is a 150-250% gain in 2026, potentially reaching $3.65 to $5 per token, driven by institutional demand, ETF inflows, and a broader crypto market recovery.
