Quick Read
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The SuperTrend indicator has flashed a buy signal on XRP’s 4-hour chart for the first time since mid-June, and the last one preceded a 14.2% rally.
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Analyst EGRAG Crypto says XRP’s monthly RSI has entered the most oversold territory in the token’s history after breaking below 40.
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The same indicator’s April buy signal failed, with XRP trading more than 25% lower by late June after it flashed near $1.43.
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XRP needs to hold above $1.06, where 830 million tokens last changed hands, and clear and hold the $1.10 to $1.13 zone to confirm a bottom.
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XRP (CRYPTO:XRP) is finally moving again, climbing back to $1.11 after a week and a half stuck near $1.05. And this time, the bounce comes with a buy signal attached. It’s the first from the SuperTrend indicator since mid-June—the same tool that warned before both of last month’s big selloffs.
However, the indicator has been wrong before. Its buy signal in April came with XRP near $1.43, and the token still lost more than 25% afterward. So, will the XRP price actually rally this time?
The Indicator That Caught XRP’s June Crash Just Flipped to Buy
On July 2, analyst Ali Martinez flagged the SuperTrend indicator—a trend-following tool that switches between buy and sell as momentum turns—flashing a buy signal on XRP’s 4-hour chart for the first time since mid-June.
The last time it flashed a buy, XRP rallied 14.2% before the signal reversed. It also turned bearish ahead of XRP’s last two major declines of 19.5% and 16.6%, so it has caught the downside as well as the bounces, which is why traders treat it as more than another line on a chart.
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XRP closed at $1.087 on July 2, its first close above $1.07 since June 24, and buyers have kept pushing since. Even spot XRP ETFs turned positive again the same day, swinging back to a $6.55 million inflow after two small daily outflows had closed out the quarter, per SoSoValue data.
Bitcoin reclaiming $61,000 after its lowest level in nearly two years helped too, and Ripple added its own catalyst this week, with validators now voting on a new institutional lending protocol for the XRP Ledger.
Why Traders Think This Time Is the Actual Bottom
One indicator alone wouldn’t mean much, but the buy signal came just as several separate measures hit levels XRP has rarely or never seen. Analyst EGRAG Crypto points out that the token’s monthly RSI—a gauge of how oversold or overheated an asset is—has entered the most oversold territory in XRP’s history, breaking below 40. That reading is deeper than anything the token printed in past bear markets, per his long-term chart.
