XRP Shows Bullish Signals After Price Plunge
June has proven to be a challenging month for the cryptocurrency market, and Ripple’s cross-border token, XRP, has been no exception. The asset recently lost its market capitalization standing to USDC, plummeting to $1.01 on most exchanges during last week’s market crash.
However, a prominent analyst has identified the first signs of potential recovery for XRP, suggesting a possible short-term rebound.
One key indicator highlighted is the Tom DeMark (TD) Sequential, a widely used metric for identifying trend exhaustion. This indicator has now flashed a buy signal following XRP’s recent decline to a multi-year low. According to analyst Crypto_Chase, this pattern, which has historically shown a good success rate for XRP, could signal a “one-to-four daily candlestick relief rebound.”
Additionally, the analyst pointed to the formation of a Morning Star Doji candlestick pattern over the past three daily sessions. This classic indicator is typically used to signal local price bottoms.
Crypto_Chase predicts that if buying volume increases in conjunction with these signals, XRP could potentially rise to its first significant resistance level at $1.30. This was the level XRP challenged during a brief market-wide recovery last week before being rejected and subsequently falling back to $1.01.
In a separate analysis, Crypto_Chase also outlined potential support levels should the market structure deteriorate further. If XRP decisively breaks below the $1.06 support, the next key levels to watch would be $0.80, $0.62, and $0.51, based on the UTXO Realized Price Distribution (URPD) model.
Like many cryptocurrencies, XRP would need a significant market shift to reverse its current trajectory in June. The month has been particularly brutal, with Ripple’s token shedding over 20% of its value. This marks its worst monthly performance since February 2025, when it experienced a decline of more than 29%.
On a more positive note, July has historically been a favorable month for XRP. In the past six instances, July has seen gains, with all but July 2021 delivering double-digit increases. Notable surges occurred in 2020 and 2023, with most of these positive July performances following difficult June periods.
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