Price Spiked 60,000% The Last Time This Happened

XRP is now on track to record five consecutive monthly candles for the first time in a decade. The last time this happened, the price spiked 60,000%.

The crypto market has not fared well since the fourth quarter of 2025, and altcoins such as XRP have felt the biggest impact. Notably, XRP began October 2025 with a price of $2.84, but has since dropped to $1.42 at press time. This represents a 50% decline over the past five months.

However, what stands out is how consistent the declines have been. For context, XRP has recorded four consecutive monthly losing candles since October 2025, and is on track to record a fifth one, with a 13.56% drop this month, February 2026. The last time XRP saw five consecutive monthly losses, its price spiked more than 60,000%.

Key Points

• XRP has continued to face steep declines over the past few months, down 50% since the fourth quarter of 2025.
• However, a more interesting find is how consistent the downturn has played out, with XRP now seeing four consecutive monthly red candles.
• XRP has now dropped 13.56% this month, February 2026, and is currently on track to record its fifth consecutive monthly red candle for the first time in a decade.
• Historical data confirms that the last time this occurred was from late 2016 to early 2017, and XRP soared more than 60,000% after recovering.

XRP On Track to Record Fifth Monthly Candle in Red

Market analyst CryptoBull was the first to spotlight this trend amid the ongoing market downturn. Notably, after XRP soared to the $3.66 all-time high in July 2025, it faced bearish pressure and has since witnessed consistent declines.

The token first recorded an 8.15% drop in August 2025 before recovering by 2.55% in September of that year. However, when the broader market downtrend emerged in October 2025, things took a turn for the worse. Notably, since October 2025, XRP has only witnessed consistent monthly red candles.

Within this period, the crypto asset recorded four straight monthly red candles, with a decline of 42% across these months. Now, the fifth month, February 2025, seems to be following the same trend, with XRP already down 13.52%, as it changes hands at $1.42. If XRP closes February in the red, that would mark its fifth consecutive losing candle.

Historical Data Confirms How Rare This Trend Is

Interestingly, market data shows that five consecutive monthly drops are extremely rare in the crypto market, regardless of the intensity of the bear market. 

Notably, even during the Terra ecosystem collapse of mid-2022, which devastated the entire crypto market and led to extreme losses for XRP, XRP only saw three consecutive monthly red candles from April to June 2022.

Also, leading to the November 2022 FTX collapse, XRP only saw consecutive red candles from October to December 2022. Before now, XRP had not recorded even four consecutive monthly red candles since 2020, much less five.

The Last Time This Happened, XRP Spiked 60,000%

The last time XRP saw five consecutive monthly losing candles was from late 2016 to early 2017. Specifically, these declines began in October 2016 and continued to February 2017. Within this period, the XRP price collapsed from $0.00885 to $0.00557, marking a 37% decline.

However, what followed was an impressive upsurge that most market participants never expected. Specifically, XRP increased from $0.0055 in March to $0.3988 by May 2017 before facing a roadblock and consolidating for six months. After the consolidation, the rally resumed, pushing XRP to the $3.31 peak in January 2018.

Overall, the rally from $0.0055 in March 2017 to $3.31 by January 2018 represented a 60,081% increase in XRP’s price. CryptoBull’s analysis suggests that if the trend repeats, XRP could see another massive upsurge once this downtrend ends. 

For context, a 60,000% rise from the current price would lead to $841. However, it remains highly unlikely that XRP would see such gains. Besides, there is no guarantee that XRP has the potential to repeat the trend from 2017. As a result, investors should not regard this assessment as investment advice.