Following last week’s market-wide calamity in which the cryptocurrency markets shed over $400 billion and all major assets plummeted to yearly lows, many analysts have started speculating on where the bottom is.
The latest to do so was Ali Martinez, who outlined the lowest targets during this cycle for BTC, ETH, and XRP. Hint: there’s more pain ahead for all, according to his findings.
Bitcoin Bottom
The analyst with over 165,000 followers on X began with the largest cryptocurrency by market cap, indicating that the asset is “approaching a market bottom.” He noted that the MVRV Pricing Bands suggest the ultimate capitulation zone, and that level has historically been around the 0.8 MVRV Band.
If history repeats itself, it would represent another major leg down that will drive BTC toward $43,000. The other, less painful option would be a nosedive to the 1.0 MVRV Band, which is currently at $54,000.
Interestingly, another recent analysis on BTC’s potential bottom suggested that it could arrive during the ongoing World Cup in North America. BIT Research justified their prediction with bitcoin’s A-B-C structure it has been following since the October 2025 rejection and subsequent bear market.
ETH Major Decline
While the leg down for bitcoin could see a more modest 32% drop from the current levels to bottom out, ETH’s projected crash is a lot worse. Basing his analysis on Ethereum’s Delta Price model, which measures the relationship between investor cost basis and miner production costs, Martinez warned that the largest altcoin can plummet to $700.
This level has “consistently flagged generational accumulation floors.” If such a major decline indeed transpired, then ETH will dump by another 60%. Moreover, its crash from last year’s all-time high at almost $5,000 would be north of 85%, which will be ‘shitcoin’ territory.
XRP Bottom Closeby
The landscape for ETH seems the most grim given Martinez’s projections. XRP, on the other hand, might be a lot closer to his targeted bottom. He noted that a dominant rising trendline on the monthly chart has “successfully defined every major cycle bottom for nearly a decade.”
If XRP is to find its bottom again there, it could drop to somewhere between $0.70 and $0.90. The lower target would mean a 40% decline, while the higher one is only 21% away from XRP’s current price tag of around $1.15.
5/5 If these projections fully mature, I will be executing a heavy spot-layering strategy directly inside these deep-value windows:$BTC: $43,200$ETH: $700$XRP: $0.90
Pacing capital at these levels keeps the portfolio aligned with structural-cycle data.
— Ali Charts (@alicharts) June 12, 2026
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