Crypto Outlooks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary
No Result
View All Result
Crypto Outlooks
No Result
View All Result
Home Price Analysis

Here’s why XRP could bounce back from its slump soon

Gary Flanders by Gary Flanders
2 years ago
Here's why XRP could bounce back from its slump soon
  • Ripple’s XRP experienced a 7.14% decline in value in June.
  • XRP’s initial outperformance against Bitcoin was only temporary.
  • XRP’s purchasing power has strengthened, indicating potential for a bullish breakout.

Ripple’s (XRP) performance in June fell short of bullish expectations, as the token predominantly experienced consolidation throughout the month, with only sporadic upward movements.

Consequently, XRP concluded the month slightly below $0.50, experiencing a 7.14% decline in value over the past 30 days. This decline in performance against Bitcoin (BTC), which currently stands above $30,000, indicates that XRP’s initial outperformance against the leading cryptocurrency was only temporary.

Related

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

Shiba Inu (SHIB) Shows Resilience Amid Market Volatility

Are These Signs of Recovery?

In July, XRP had already begun its efforts to establish a bullish market structure. Analyzing the XRP/USD 4-hour chart, it was observed that the dominance of bulls at the $0.48 level was initially uncertain, but it appeared to have been reclaimed around the $0.49 mark.

The preceding setback can be attributed to a diminished level of demand. However, it is noteworthy that the Chaikin Money Flow (CMF) has surged to 0.22 as of the current moment.

Hence, this oscillation point suggests that XRP’s purchasing power has strengthened, as evidenced by the CMF surpassing 0.20. Although there was a possibility of becoming overbought, a decline towards a CMF level of 0.20 would signal the potential for XRP to initiate a bullish breakout.

XRP/USD 4-Hour Chart
XRP/USD 4-Hour Chart | Source: TradingView

Therefore, it is advisable for traders to closely monitor the $0.48 level as a potential area for accumulation. If demand strengthens at this level, XRP’s price movement could experience a significant upward surge, causing losses for bearish traders. Conversely, if selling pressure surpasses the control of bullish traders, XRP may be traded below the $0.48 mark.

Subject to Conditions

Moreover, the Exponential Moving Average (EMA) indicated a bullish trend for the token, suggesting potential upward momentum rather than a downward trajectory. This was evident as the 20-day EMA (cyan) surpassed the 50-day EMA (yellow), a significant technical signal in the crypto industry.

When such a scenario unfolds in the crypto industry, it indicates a potentially bullish trend. Consequently, the likelihood of a sell/short trend overpowering buyers’ dominance becomes minimal. Nevertheless, it is crucial to consider the Directional Movement Index (DMI) as it may influence this outcome.

As of the current press time, the positive directional movement indicator (+DMI) stood at 20.66, while the negative directional movement indicator (-DMI) was recorded at 11.34. This significant difference indicates a dominant bullish sentiment, signifying the successful elimination of selling pressure.

Furthermore, the Average Directional Index (ADX) registered a value of 26.30, indicating a significant directional movement for the asset. An ADX reading above 25 in cryptocurrency, as observed in the purple line, signifies a robust trend. Consequently, this was indeed the scenario for XRP.

XRP/USD 4-Hour Chart
XRP/USD 4-Hour Chart | Source: TradingView

For the upward trend to sustain, the ADX must maintain its position above the mentioned level. The longevity of buying pressure will also play a significant role in this regard.

Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.

Tags: Price AnalysisRippleXRP
TweetShareShare
Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

Read also

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024
Ethereum

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

by Ian Pittman
11 months ago
Shiba Inu (SHIB) Shows Resilience Amid Market Volatility
Price Analysis

Shiba Inu (SHIB) Shows Resilience Amid Market Volatility

by Gary Flanders
1 year ago
Bitcoin Under $69K; Notcoin and Toncoin See Major Gains
Altcoins

Bitcoin Under $69K; Notcoin and Toncoin See Major Gains

by Ian Pittman
1 year ago
Ethereum Price Soars 17% as SEC Signals Potential ETF Approval
Ethereum

Ethereum Price Soars 17% as SEC Signals Potential ETF Approval

by Ian Pittman
1 year ago
Bitcoin Surges Past $66K, Eyes $70K Amid Bullish Market
Bitcoin

Bitcoin Surges Past $66K, Eyes $70K Amid Bullish Market

by Gary Flanders
1 year ago

Here’s why XRP could bounce back from its slump soon

  • Are These Signs of Recovery?
  • Subject to Conditions
XRP (XRP)
4.4%
$ 2.18
$ 0.09592
⇣ 2.16
1 Jul
⇡ 2.27
Crypto Outlooks

Get insights on market trends, new developments, and expert analysis to help you make informed investment decisions.

Browse by Category

  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • Exchanges
  • NFT
  • Price Analysis

Get Instant Notifications

Subscribe to our mailing list to receives latest updates direct to your inbox!

*we hate spam as much as you do

  • Glossary
  • Privacy Policy
  • Get in Touch

© 2025 CryptoOutlooks.com

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary

© 2025 CryptoOutlooks.com