June has been absolutely brutal for the whole crypto market, and Ripple’s cross-border token took a real hit too. The asset slipped out of its market cap spot to USDC while touching $1.01 on most exchanges during last week’s crash. 🖤
Two Bullish Signals 🕸️
A popular analyst just shared the first real hint of hope for XRP that might spark a quick short-term rebound. The well-known Tom DeMark Sequential indicator finally gave a buy signal after XRP’s crash to a multi-year low. Martinez noted this setup often works well for the token and could bring a one-to-four daily candlestick relief rebound.
Separately the analyst outlined a Morning Star Doji candlestick pattern over the past three daily sessions, a classic sign for spotting local price bottoms. Martinez thinks that if buying volume picks up alongside these signals, Ripple’s asset could push toward the first major resistance at $1.30.
Agonizing June 🌑
XRP would honestly need something special to flip things around this month. So far it has dropped more than 20% which marks its worst single-month stretch since February 2025 when it lost over 29%. On the brighter side July tends to be kind to the token especially across the last six years all of which closed green with most delivering double-digit gains including big runs in 2020 and 2023.
If price breaks lower the key support zones to watch sit at $1.06 then $0.80, $0.62, and $0.51 according to the UTXO Realized Price Distribution.
Just another echo from the void by iconofsin.eth 💖
