Prominent crypto analyst Ali Charts has identified potential cycle-bottom zones for Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) based on historical on-chain metrics and technical patterns. The analysis, shared on June 12, suggests that all three assets may be approaching key support levels that have marked capitulation in previous bear markets.
For Bitcoin, the 0.8 MVRV Pricing Band currently sits near $43,200, while the 1.0 MVRV band is at $53,900. Ali Charts emphasized that the $43,200 area represents the primary capitulation zone. Bitcoin recently rebounded from below $60,000 to trade around $63,790, after tapping a low of $59,073 on June 5. Standard Chartered senior market analyst Geoffrey Kendrick believes that low may have already established the cycle trough, maintaining his year-end target of $100,000 for Bitcoin and $4,000 for Ethereum.
Ethereum’s Delta Price model, developed by Alphractal, compares investor cost basis with miner production costs and has flagged two previous market bottoms. Ali Charts noted the Delta Price currently stands near $700, a level he described as Ethereum’s ultimate value baseline and a deep accumulation zone during prior bear phases.
For XRP, a rising trendline on the monthly chart has caught every major cycle bottom for nearly a decade. A retest would place XRP between $0.70 and $0.90, with $0.90 highlighted as a level to watch closely. The analysis suggests a spot-layering strategy at these targets if historical patterns repeat.
While broader market pressures—such as ETF outflows, capital rotation into AI stocks, and the SpaceX public debut—added volatility, the on-chain indicators are bolstering the view that a market turning point may be near.
