June has been brutal for essentially the entire cryptocurrency market, and Ripple’s cross-border token is no exception. The asset lost its position in terms of market cap to USDC as it dipped to $1.01 (on most exchanges) during last week’s crash.

Now, though, a popular analyst outlined the first glimmer of hope for XRP, which could lead to a quick short-term rebound.

2 Bullish Signs

The first is the well-known Tom DeMark (TD) Sequential indicator, a popular metric used to determine the underlying asset’s trend exhaustion in either direction. It has finally flashed a buy signal after XRP’s recent crash that drove it to a multi-year low. According to Martinez, this pattern, which has a relatively high success rate when it comes to the cross-border token, could mean a “one-to-four daily candlestick relief rebound.”

Separately, the analyst outlined the formation of a Morning Star Doji candlestick pattern during the past three daily sessions. He added that this classic indicator is used to identify local price bottoms.

Martinez predicted that if buying volume accelerates in tandem with the aforementioned signals, Ripple’s asset could rise to the first major obstacle at $1.30. Recall that it challenged that level last week during the short-lived market-wide revival, but it was rejected there, and the subsequent collapse pushed it south to $1.01.

In another separate post, though, Martinez highlighted the next significant support levels for XRP if the market structure breaks down again. If the asset decisively loses the support at $1.06, the next in line are at $0.80, $0.62, and $0.51 based on the UTXO Realized Price Distribution (URPD).

Painful June

As with most cryptocurrencies, XRP would require a miracle to turn the tide around in June. The month so far has been nothing short of a massacre, as Ripple’s token has shed more than 20% of its value. This makes it its worst single-month performance since February 2025, when it tumbled by over 29%.

On the plus side, July has been historically a positive month for the asset, especially in the past six editions, all of which have been in the green. In fact, all except July 2021 brought double-digit gains, including massive surges in 2020 and 2023. Almost all of those followed a painful June.

Source: CryptoPotato