After five straight red monthly candles, a pattern last seen before XRP’s explosive 2017 rally, the XRP price is flashing a rare signal that has traders questioningAfter five straight red monthly candles, a pattern last seen before XRP’s explosive 2017 rally, the XRP price is flashing a rare signal that has traders questioning

XRP Price Prediction: XRP Mirrors 2017 Five-Candle Setup at 9-Year Support as Bulls Defend $1.40 and Eye $3 Breakout

2026/02/21 04:11
5 min read

The XRP price today is hovering around $1.41, holding just above a critical $1.40 support zone. While short-term momentum remains fragile, longer-term charts suggest the asset may be approaching a pivotal inflection point.

XRP Repeats a Rare 2017 Monthly Pattern

According to market commentator CryptoBull, the last time XRP printed five straight bearish monthly candles, the decline was followed by a historic rally. “Just look what happened in March, April, and May of 2017. Time is ticking,” the analyst wrote, pointing to a surge of more than 5,000% within months.

XRP has recorded five consecutive red monthly candles for the first time since October 2016 to February 2017, a period that was followed by a significant rally in the months that followed. Source: CryptoBull via X

Historical data shows the price of XRP climbed from roughly $0.006 in early 2017 to around $0.25 by May of that year. The move coincided with expanding banking partnerships announced by Ripple and broader enthusiasm during Bitcoin’s bull cycle.

While the current macro backdrop differs from 2017, the technical resemblance has fueled discussion across trading desks and social platforms. Some investors see a potential repeat of explosive upside. Others remain cautious, noting that past performance does not guarantee future results.

9-Year Support Line in Focus on XRP Chart

From a structural standpoint, analyst ChartNerd highlighted a logarithmic XRP price chart stretching back to 2014. The chart shows the asset testing a nine-year ascending support trendline near $1.40—described as a potential third “point of control” (POC).

XRP is testing its nine-year ascending support for a potential third point of control, and a decisive break above the descending resistance trendline could trigger a strong bullish expansion. Source: @ChartNerdTA via X

Notably, previous touches of this long-term support in 2017 and 2021 preceded substantial rallies. However, price action remains capped by a descending resistance trendline originating from the 2018 peak near $3.80.

A decisive monthly close above this multi-year barrier would invalidate the broader downtrend and potentially shift sentiment. Until then, the structure reflects compression between long-term support and descending resistance, a setup often associated with heightened volatility.

Despite a roughly 60% pullback from its July 2025 high of $3.65, XRP news today continues to reference institutional flows, including reported ETF-related demand and post-litigation clarity following developments in the long-running XRP SEC lawsuit narrative involving the U.S. Securities and Exchange Commission.

Short-Term Technical Outlook: $1.40 Support vs. $2.09 Resistance

On lower timeframes, the current XRP price slipped back below a key volume point of control after briefly breaking out of consolidation. That level has now turned into near-term resistance.

The token remains beneath its 50-day, 100-day, and 200-day exponential moving averages, all trending downward. This alignment keeps the broader bias cautious in the near term.

The daily XRP price chart shows signs of accumulation, though low top-side volume suggests a potential short-term correction before a significant rally. Source: TradingView

The Relative Strength Index (RSI) on the daily chart sits near 38, below the neutral 50 mark. A move toward oversold conditions could increase downside pressure, with $1.25 identified as the next tentative support.

However, buyers have repeatedly defended the $1.40 range low. If that floor holds and bullish momentum builds, traders are watching for a potential push toward $2.09, where descending trendline resistance converges. A breakout above that zone could open the path toward the $3 level referenced in multiple XRP price prediction models.

XRP and the Broader Crypto Market Cycle

The debate surrounding XRP price prediction 2026 cannot be separated from the broader digital asset cycle. With Bitcoin dominance recently hovering near multi-year highs, some analysts argue that capital rotation into altcoins could emerge if macro liquidity conditions improve.

XRP was trading at around $1.41, up 0.35% in the last 24 hours at press time. Source: XRP price via Brave New Coin

In previous cycles, strong Bitcoin rallies were followed by delayed but aggressive altcoin expansions. XRP was among the beneficiaries during the 2017 and 2021 phases. That said, structural market maturity, regulatory oversight, and institutional participation have reshaped the landscape.

Unlike earlier cycles driven primarily by retail speculation, today’s XRP cryptocurrency market includes ETF discussions, compliance frameworks, and cross-border payment integrations through the XRP Ledger. These structural shifts may influence volatility patterns differently than in the past.

Weekly RSI and the Higher-Low Structure

Zooming out, some traders emphasize that XRP has consistently formed higher lows on macro timeframes when smaller fluctuations are filtered out. Historically, each weekly RSI dip into oversold territory preceded a significant bottom formation.

On higher timeframes, XRP continues to form higher lows, with past weekly RSI oversold readings consistently marking major bottom formations. Source: CryptoColugo on TradingView

Each time the weekly RSI has entered oversold territory, XRP has historically formed a new bottom, reinforcing the view that patience is crucial during extended consolidation phases.

However, projections of a return to the prior XRP all-time high near $3.84—or even ambitious $10 to $20 scenarios – remain speculative and dependent on sustained adoption, liquidity expansion, and favorable regulatory conditions.

Balanced Outlook for XRP Price Forecast

In summary, the XRP price forecast reflects a market at a crossroads. Long-term support near $1.40 is intact, and historical analogs offer a constructive narrative. Yet, downward-sloping moving averages and overhead resistance temper near-term optimism.

On the H4 chart, XRP has fallen back below the POC, now acting as resistance, while the price inside the range shows downside rejection. Source: Markovic_VascoView on TradingView

For investors evaluating XRP value today, the coming weeks may prove decisive. A confirmed breakout above multi-year resistance could reshape sentiment. Conversely, a breakdown below structural support would likely shift attention toward lower demand zones.

As always, disciplined risk management and a focus on verifiable data remain central when assessing any XRP prediction in a rapidly evolving crypto market.

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