June has been a rough month for the entire cryptocurrency market, and the cross-border token Ripple is no exception. The asset lost its position in terms of market cap against USDC as it fell to $1.01 (on most exchanges) during last week’s crash.
Now, though, a well-known analyst has identified the first glimmer of hope for XRP, which could lead to a quick recovery in the short term.
2 bullish signs
The first is the well-known Tom DeMark (TD) Sequential indicator, which is a popular metric used to identify exhaustion of the underlying asset’s trend in either direction. It finally issued a buy signal after the recent collapse of XRP that pushed it to its lowest level in several years. According to Martinez, this pattern, which has a relatively high success rate when it comes to cross-border tokenization, could mean “a daily bounce of 1 to 4 candles.”
Separately, the analyst shown Morning Star Doji candlestick pattern formation over the past three daily sessions. He added that this classic indicator is used to determine local price bottoms.
Martinez predicted that if buying volume accelerates along with the above-mentioned signals, Ripple assets could rise to the first major hurdle at $1.30. Remember, it challenged this level last week during the short-lived full-market recovery, but was rejected there, and the subsequent collapse pushed it south to $1.01.
In another separate post, Martinez said Highlight The next important support levels for XRP if the market structure collapses again. If the asset decisively loses support at $1.06, the next level will be at $0.80, $0.62, and $0.51 based on UTXO Realized Price Distribution (URPD).
Painful June
As with most cryptocurrencies, it will take a miracle to change course in June. The month so far has been nothing short of carnage, with Ripple losing more than 20% of its value. This makes it its worst single-month performance since February 2025, when it fell more than 29%.
On the positive side, July has been a historically positive month for the asset, especially in the past six issues, all of which have been in the green. In fact, all of them, with the exception of July 2021, posted double-digit gains, including huge increases in 2020 and 2023. Almost all of them came in the wake of a painful June.
this post XRP finally shows two bullish signals after falling to $1: what’s next for Ripple? appeared first on CryptoPotato.
