XRP Bullish Signals After $1 Crash: $1.30 Target Ahead
June delivered heavy losses for XRP. After the token dipped to around $1.01 on most exchanges, it also lost market-cap position to USDC.
Crypto analyst Martinez points to two bullish signals that have appeared after XRP’s multi-year low. First, the Tom DeMark (TD) Sequential indicator has flashed a buy signal, which Martinez says could trigger a “one-to-four daily candlestick relief rebound.” Second, a Morning Star Doji candlestick pattern is forming over the past three daily sessions, often used to spot local bottoms.
Martinez adds that follow-through depends on buying volume accelerating alongside these signals. If confirmation arrives, XRP could rebound toward the first major resistance at $1.30—an area it briefly challenged last week before rejection and the subsequent drop.
If the market structure fails again, the next support levels highlighted are $1.06, then $0.80, $0.62, and $0.51, using the UTXO Realized Price Distribution (URPD).
Broader context: XRP has fallen more than 20% in June, its worst month since February 2025 (-29%+). However, July has historically been positive for XRP in recent years, suggesting the selloff may face a seasonal countertrend if the rebound signals hold.
Bullish
The article is bearish in the backdrop (XRP down >20% in June, printing a multi-year low near $1.01), but it highlights two technical buy triggers—TD Sequential and a Morning Star Doji—plus a near-term resistance/buyer-invalidation framework ($1.30 upside; breakdown levels down to $1.06 then $0.80/$0.62/$0.51). That setup typically leads traders to attempt relief-bounce trades after capitulation-like selling, especially when confirmation comes from rising volume. Similar rebound attempts often occur after multi-session reversal candlesticks, but they can fail quickly if support breaks or liquidity thins.
Short-term: watch for volume acceleration to validate the signals and drive a test of $1.30.
Long-term: even if a bounce happens, the broader June weakness suggests traders will likely remain cautious until XRP can reclaim key structure levels and sustain higher highs/higher lows; otherwise, the move may stay range-bound and subject to another selloff.