XRP The pair is showing two bullish reversal signals, increasing the possibility of a near-term recovery after a long decline.
In this regard, Cryptocurrency It printed a sequential buy signal from Tom DeMark while simultaneously forming a Morning Star Doji pattern, two technical indicators that traders often watch for signs of a potential price bottom, according to insights shared by Ali Martinez in X mail On June 27th.
At the time of analysis, XRP was trading below the $1.10 level after falling from levels above $1.20 earlier in the month.
The appearance of both indicators suggests that selling pressure may be weakening, with the potential for a comfortable rally if buying volume increases.
According to the analysis, XRP has completed Tom DeMark (TD) sequential buy setup on the daily time frame.
The TD Sequential indicator printed a bullish “9” candle, a signal that usually appears after an extended downtrend.
In technical analysis, a completed nine often indicates that downward momentum has been exhausted and that a short-term recovery may follow.
Historically, this pattern has been used to identify potential turning points, where rest rallies often last between one and four daily candles.
The signal appeared after XRP recorded several consecutive lower sessions, pushing the asset towards the $1.02 support zone.
XRP Morning Star Doji Candlestick Print
to support rising The forecast is for a Morning Star Doji candlestick pattern to form over the last three trading sessions.
The pattern consists of a strong bearish candle, followed by a small hesitant candle, and then a bullish candle. It is widely considered to be a classic reversal formation that can signal the end of a local downtrend.
On the daily chart of XRP, a Morning Star Doji has formed near the recent lows at $1.02. This positioning is especially important because reversal patterns tend to carry more weight when they appear after a sustained decline and near stable support areas.
The combination of the TD serial buy signal and the Morning Star Doji strengthens the case that XRP may be trying to create a short-term bottom.
While technical indicators point to improving momentum, confirmation will depend on whether buyers step in with sufficient volume.
If buying volume increases and XRP stabilizes above recent support, the token could rise towards $1.30. However, a sustained move above key resistance levels will be needed to confirm a reversal in the broader trend, while weak demand could lead to renewed selling pressures.
XRP price analysis
By press time, XRP was trading at $1.05, down about 1.2% over the past 24 hours. On the weekly time frame, the asset fell by approximately 9%.
XRP is currently trading below its 50-day simple moving average (Sama) at $1.26 and the 200-day simple moving average (SMA) at $1.52, indicating that Cryptocurrency The pair remains in a strong downtrend in the medium and long term. Trading below these key moving averages indicates bearish momentum continues to take hold despite the recent stabilization.
Meanwhile, XRP’s 14-day RSI (RSI) stands at 31.73, just above the oversold threshold of 30.
While the RSI remains neutral, it indicates that selling pressure may be about to be exhausted, increasing the likelihood of a short-term recovery.
