 ▲ XRP and Gold / ChatGPT-generated image |
XRP has reached a historic support level in its price ratio against gold, signaling a possible return of the legendary rally that previously delivered gains of several hundred percent.
According to crypto media outlet NewsBTC on February 17 (local time), market analyst Steph is Crypto reported that the XRP-to-gold price ratio has fallen to the historically significant support level of 0.0004. This zone is regarded as a crucial point where XRP previously marked a bottom against gold before launching strong rebounds. After touching this support in the past, XRP surged approximately 800% in 2020, 120% in 2022, and more than 530% in 2024.
Current sentiment in the cryptocurrency market is considered to have entered an extreme capitulation phase. Will Taylor, founder of CryptoinsightUK, noted that investor sentiment has plunged to historic lows, with many investors losing conviction. However, such psychological weakness is acting as a powerful reversal signal on technical indicators, with higher time-frame metrics pointing to what could be a rare buying opportunity.
The Relative Strength Index (RSI), a key technical indicator, is also showing oversold conditions similar to those seen just before previous major rallies. According to Steph is Crypto, XRP’s RSI currently stands at 33.38, suggesting that downward momentum is gradually fading and buying pressure may be preparing to enter. The analyst predicts that the XRP-to-gold ratio could climb from the current 0.0004 level to above 0.0018, representing potential gains of more than 350%.
Even more optimistic projections suggest that if XRP mirrors gold’s past macro trend, its price could soar to as high as $37. This outlook is based on the striking similarity between gold’s price structure from 2023 to 2025 and XRP’s current chart setup. If this historical pattern continues into 2026, XRP could enter a sharp expansion phase, potentially setting new all-time highs by late 2026 or early 2027.
Analysts add that “the significant liquidity stacked above acts like a magnet pulling price upward,” potentially forcing short sellers to liquidate their positions. The recent test of this historic support level is expected to be more than just a defense of price—it could become a decisive turning point that revives a legendary rally.
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