The Crypto Basic

Applying Bitcoin’s peak-to-peak multiples across the past two bull runs on XRP puts XRP’s implied all-time high price in double digits.

Prominent market commentator Jungle Inc. recently argued that XRP could have already crossed the $24 price mark if the SEC lawsuit had not interrupted its growth during the last major bull market.

XRP Could Have Reached $24 Without the SEC Lawsuit

In an analysis, Jungle Inc. said XRP missed out on what should have been its 2021 market cycle. According to him, the SEC filed its lawsuit against Ripple just as Bitcoin began a major repricing phase. 

In an attempt to estimate where XRP might have traded under normal market conditions, he applied Bitcoin’s actual peak-to-peak growth multiples from recent cycles to XRP’s previous all-time high.

The analysis used Bitcoin’s 3.49x peak-to-peak gain from the 2021 cycle and its 1.83x gain from the 2025 cycle. When the market analyst applied these multiples to XRP’s 2018 record high of $3.84, the result led to a potential all-time high of about $24.50.

Jungle Inc. stressed that this figure is not based on unrealistic expectations. He argued that it simply follows the same path Bitcoin already took, while XRP spent much of that period dealing with legal challenges instead of benefiting from normal market-driven price discovery.

XRP Once Outperformed Bitcoin by a Wide Margin

Notably, XRP’s strong performance during the 2017 bull market confirms its potential to have recorded massive gains in 2020/2021. Specifically, in 2017/2018, XRP outpaced Bitcoin by a significant margin, even though its rally began later than much of the broader crypto market.

The XRPBTC trading pair climbed from 0.00000470 in March 2017 to 0.0002296 by January 2018. This move represented a gain of 4,785% against Bitcoin in less than a year.

During the same period, XRP surged to around $3.80 in January 2018, setting its contested all-time high. The performance showed XRP’s ability to generate stronger returns than Bitcoin during favorable market conditions.

However, the market eventually turned lower, and both assets suffered steep declines as the bull run came to an end.

Legal Troubles Prevented XRP From Joining the 2021 Rally

By December 2018, Bitcoin had fallen 84% from its cycle peak of $19,666 to $3,122. XRP experienced a larger drop, falling 96% from its high and reaching $0.1140 by March 2020. However, this confirmed that the downturn was not unique to XRP.

As the crypto market began recovering later in 2020, XRP initially followed the broader uptrend. However, the recovery faced a major setback when the SEC filed its lawsuit against Ripple in December 2020.

The legal action triggered delistings and heavy selling pressure across several exchanges in the United States and Canada. Essentially, these developments created a unique obstacle for XRP and prevented it from fully participating in the broader market rally.

The lawsuit continued to weigh on XRP throughout the 2021 bull market, limiting its ability to reach new highs while many other crypto assets saw strong gains.

XRP Could Now Eye Higher Prices

Currently, XRP trades at $1.13, which leaves it about 70% below its 2017/2018 peak. Bitcoin, on the other hand, trades at $63,600 and remains about 223% above its 2017/2018 high. 

This shows how Bitcoin has moved well beyond its previous peak while XRP remained below its record level after missing much of the market growth that occurred between early 2020 and late 2024.

Jungle Inc. believes the situation has changed since then. He noted that the SEC lawsuit has now been resolved, spot ETFs are already trading, and institutional infrastructure continues to grow across the crypto industry.

As a result, the analyst suggested that XRP could reach the low-to-mid $20 range even if adoption only grows at an average pace. He argued that stronger adoption could push prices even higher as market valuations adjust upward.

Japanese publicly traded company Remixpoint has attracted attention across the XRP community after revealing a significant XRP position on its corporate balance sheet.

The company disclosed the holdings in its official earnings forecast for Fiscal Year 2027, highlighting XRP’s growing role within its digital asset strategy.

Remixpoint’s XRP Holdings

According to the announcement, Remixpoint held approximately 1,191,204 (1.19 million) XRP as of March 31, 2026. Based on current market prices, the company’s XRP holdings are worth roughly $1.34 million.

The disclosure further reinforces XRP’s emergence as a treasury asset among global corporations, including those in Japan. Several companies have already begun integrating digital assets into their balance sheets as part of broader investment and treasury management strategies.

For example, Japanese mobile gaming and Web3 company AltPlus Inc has adopted XRP as a treasury asset, although the exact size of its holdings remains undisclosed at the time of writing.

Meanwhile, major Japanese financial institutions such as SBI Holdings and MUFJ have embraced XRP’s underlying payment infrastructure for cross-border transaction solutions. In addition to XRP, Remixpoint maintains positions in several major cryptocurrencies, including Bitcoin, Ethereum, Solana, and Dogecoin. 

FY2027 Projections 

Notably, the company’s substantial XRP holdings come as it continues to expand its crypto-focused business model. Remixpoint expects its cryptocurrency investments to generate valuation gains ranging from ¥4.707 billion ($29.37 million) to ¥12.042 billion ($75.15 million) during Fiscal Year 2027.

Furthermore, the company projects approximately ¥400 million ($2.49 million) in revenue from cryptocurrency lending activities. Together, these revenue streams could transform the digital asset segment into one of Remixpoint’s most significant profit contributors over the coming year.

Remixpoint Forecasts XRP Upside

As part of its earnings outlook, Remixpoint assumed that XRP would trade between $1.50 and $1.76 by March 2027. If realized, those prices would represent gains of approximately 32.74% to 55.75% from current levels.

The company also outlined assumptions for several other major cryptocurrencies, including Bitcoin: $86,000–$116,000, Ethereum: $2,337–$2,744, Solana: $92–$108, Dogecoin: $0.10–$0.12. 

These estimates form the basis of the company’s revenue projections and valuation models for its digital asset portfolio.

Not a Price Prediction

Despite outlining these price assumptions, Remixpoint stressed that its earnings forecast should not be interpreted as a guarantee or prediction of future cryptocurrency prices.

Instead, the company explained that the figures represent internal assumptions used to calculate its earnings outlook based on information available at the time of the forecast. As a result, actual market performance could differ significantly from the projected ranges. 

XRP trades within a hidden coiled spring, with the market witnessing an influx of short positions amid growing spot accumulation.

XRP has dropped nearly 14% this month due to the recent broader selloff led by Bitcoin. At the time of writing, XRP trades around $1.14. 

Despite the ongoing weakness, recent market data suggests that some investors may be quietly building positions while many traders continue to bet on lower prices.

XRP Faces Selling Pressure as Bearish Bets Increase

In a recent market report, verified CryptoQuant analyst CryptoOnChain called attention to signs that XRP could be preparing for a massive move despite its recent decline.

According to the analyst, XRP fell to around $1.09, its lowest level in six months. The slowdown has also affected network activity, with total transaction counts dropping 25% compared to the previous month. While these figures show weaker activity across the network, derivatives data reveals a growing interest.

CryptoOnChain noted that Open Interest has grown to 494 million. Also, the Estimated Leverage Ratio has continued to rise, showing that traders are taking on larger leveraged positions. This increase suggests that speculation remains strong as the asset struggles to recover.

Importantly, much of this leverage is coming from traders expecting further losses. Binance Funding Rates have moved into negative territory, averaging -0.006 after falling more than 550% week-over-week. This shows that a large number of traders are opening short positions as XRP trades near local lows.

XRP Seeing Growing Spot Accumulation

While futures traders continue to increase bearish positions, activity in the spot market appears to be moving in the opposite direction.

CryptoOnChain observed that large investors have been withdrawing XRP from exchanges. For instance, The Crypto Basic confirmed that Binance recorded nearly 90 million XRP in net outflows on June 10. CryptoOnChain confirmed this, noting that withdrawals far exceeded deposits during that period.

The analyst also pointed out that Binance outflows have jumped more than 83% month-over-month. This means that XRP supply is leaving the exchange at a faster pace while traders on the derivatives side continue to increase their short exposure.

According to CryptoOnChain, when high Open Interest combines with deeply negative funding rates and large exchange withdrawals, the conditions often become favorable for a short squeeze.

The analyst acknowledged that XRP could still face additional downside, but argued that the continued reduction of exchange supply suggests that larger market participants may be accumulating.

Important XRP Levels to Watch

Meanwhile, in a separate analysis, market commentator EGRAG noted that XRP was moving sideways above its short-term moving average. According to him, buyers remain in control on the lower time frame as long as the price stays within the support zone between $1.1340 and $1.1408.

The analyst presented $1.1938 as the first major resistance level. If bullish momentum strengthens, XRP could then move toward the next key target at $1.26. 

However, on the downside, EGRAG highlighted $1.09 as the main support level. He also mentioned $1.05 as a critical support area and invalidation level. 

According to the analyst, a breakout above the current consolidation range could clear the way for a move toward $1.1938. However, if XRP loses its current support zone, the asset could revisit the $1.09 level.

XRP could be preparing for a major move if a widely followed chart pattern plays out as expected, according to CoinvoTrading.

The analyst believes many investors are giving up on XRP at the worst possible time. He pointed to what he described as a textbook “Power of Three” (PO3) pattern forming on the daily chart.

Three-Phase XRP Structure

The Power of Three pattern is a popular market structure among technical traders. It consists of three stages: accumulation, manipulation, and expansion.

According to CoinvoTrading’s chart, XRP spent several months trading within a wide range, forming the accumulation phase. The recent break below that range is viewed as the manipulation stage.

This phase typically sees prices move against market expectations. It forces weaker holders out of their positions before the next trend develops.

CoinvoTrading believes XRP is currently in this manipulation phase. If the pattern continues to unfold, the asset could soon enter the expansion stage, which is usually marked by a strong upward move.

The chart projects a rally toward the $2.60–$2.80 range, representing a gain of more than 145% from the current price.

XRP Now Recovering from Steep Pullback

Indeed, XRP has experienced significant volatility in recent weeks. The token traded near $1.33 at the start of the month before falling to a weekly low of around $1.05. That decline represented a drop of roughly 18%.

Despite the correction, XRP’s price has begun to recover. CoinMarketCap data shows the token is trading at about $1.14, up roughly 3% over the past 24 hours. The rebound has helped trim recent losses, though XRP remains below its monthly highs.

The asset remains down approximately 21% over the past month. Moreover, XRP is still down around 38% year-to-date, reflecting the broader bearish trend since the start of the year.

CoinvoTrading argues that the recent weakness may be part of a manipulative move designed to shake out investors. He stressed that, based on historical market behavior, a major uptrend could ultimately follow.

XRP Buy Signal Emerges

Notably, as The Crypto Basic reported earlier, XRP has flashed a TD Sequential buy signal on its 3-day chart after falling from $1.33 to $1.05. Analyst Ali Martinez noted that similar signals on higher timeframes have historically led to short-term rebounds.

However, on-chain data suggests caution. Whale transactions above $1 million have dropped 57%, from 157 to 67, over the past nine days. This implies that major investors are remaining on the sidelines.

Meanwhile, whale wallets have sold or redistributed about 60 million XRP over the past week, indicating continued selling rather than accumulation.

Martinez believes XRP could see a brief relief rally, but sustained upside may remain limited unless whale buying returns. He also identifies $0.90 as a key long-term support level and a potentially attractive accumulation zone if the price revisits it.