As the crypto market stumbles through uncertainty, XRP holders are holding onto a silver lining: July. The XRP Price has built a surprisingly consistent track record of posting gains during this month, and many investors are once again hoping history will repeat itself. Even with recent dips, XRP has shown resilience near the $2 mark. While it’s currently down around 2% in the last 24 hours, the bigger picture has traders feeling cautiously hopeful. According to data from CryptoRank, XRP has closed every July in the green for the past five years, and that kind of XRP Rally is hard to ignore.
Investors Betting on a Summer Surge
The story starts back in July 2020, when XRP surged over 48% despite facing regulatory heat from the SEC. Since then, it’s managed to deliver positive returns every July, with 2021 bringing a modest 6.91% gain, followed by stronger numbers in 2022, 2023, and 2024, each over 14%, with two years topping 30%. It’s no wonder investors are eyeing this July with optimism, especially when four of the last five years brought double-digit gains in XRP Price. With so much momentum behind it, many believe this could be another big XRP Rally if the trend holds strong.
New Catalysts Fueling Confidence
Adding to the excitement are some major moves from Ripple, including the rollout of their new stablecoin and the launch of a U.S.-based XRP ETF. These developments have brought fresh energy to the XRP community, just as the broader market starts to shift. The XRP Bullish Trend appears to be gaining traction as these new catalysts spark renewed interest. With both historical patterns and present-day drivers aligning, hopes are rising for a sustained XRP Rally. But before we get ahead of ourselves, let’s see how the XRP Price is performing right now and what the charts have to say.
XRP Price Action Analysis of April 19th, 2025
XRP has shown a consistent upward trajectory on the 5-minute chart, forming a rising channel after rebounding from the support zone near $2.05. The asset remained within a clearly defined trading range, with the upper boundary at $2.10 acting as a strong resistance. Each pullback within the channel found higher lows, confirming bullish momentum. RSI indicators signaled overbought levels multiple times near price peaks, hinting at short-term exhaustion, while the oversold signals at the lower channel line supported price recoveries. The RSI has most recently cooled to 49.70, suggesting temporary consolidation.
Chart 1, Analyzed by Alokkp0608, published on April 19th, 2025.
The MACD indicator reflects alternating bullish and bearish momentum shifts through multiple golden and death crosses. Golden crosses near support often preceded price rallies, whereas death crosses tended to align with short-term pullbacks near resistance. A recent golden cross was observed during the price move from $2.065 to above $2.085, adding strength to the bullish trend. However, another death cross has just formed, signaling the potential for a brief correction. As long as price action respects the rising channel support, bullish continuation toward the $2.10 resistance remains probable. XRP may extend its upward move and retest the $2.10 level, but rejection from this resistance could lead to short-term consolidation around $2.07–$2.08.
What to Watch as XRP Builds Momentum
XRP is showing strength, and traders are watching closely, especially with July’s track record of gains in mind. The XRP Price has moved steadily within a rising channel, bouncing off key support at $2.05 and pressing against resistance at $2.10. Even as indicators hint at short-term volatility, the broader XRP Bullish Trend remains intact. If momentum holds, we could see another XRP Rally take shape. Keep an eye on the $2.05–$2.10 range, it could decide XRP’s next move.
Source: Coinfomania / Digpu NewsTex