XRP jumps 4% to $1.10 on first SuperTrend buy signal since June

XRP's SuperTrend indicator flipped bullish for the first time in three weeks, signaling a potential trend reversal after the token spent June sliding toward $1.

XRP rose 4% to $1.10 as of 14:00 UTC on July 3, recovering from its lowest level in more than a year after the SuperTrend indicator — a volatility-based trend-following tool — flashed its first buy signal since mid-June, according to crypto analyst Ali Martinez.

"The SuperTrend just flipped bullish on XRP for the first time since June 14," Martinez, a technical analyst who tracks on-chain and chart patterns, said on X. The signal comes after XRP spent most of June falling, dropping about 20% from $1.30 to $1.04 as a market-wide selloff dragged Bitcoin below $59,000 and pushed the Crypto Fear and Greed Index into extreme fear territory.

Spot XRP ETFs have pulled in $1.48 billion since launching in November, posting only two negative weeks since mid-March, according to data from The Block. The buying persisted even as XRP's price sank toward $1, though the pace softened in late June, with the funds recording their first net outflow in weeks on June 30.

The $1 level remains the critical floor. A band of support between $1 and $1.06 has held, where roughly 830 million XRP last changed hands. Below that, there is little to catch the price until around $0.80. On the upside, XRP must reclaim the $1.18 to $1.20 zone to break the year-long downtrend that has pushed the token more than 50% lower over the past 12 months.

The SuperTrend Signal in Context

The SuperTrend indicator uses average true range to set trailing stop levels, and its buy signal suggests the selling pressure that dominated June may be exhausting. XRP has been oversold for about a week while trading volumes have gradually dried up, a pattern that often precedes a bottom, according to Martinez.

However, the signal alone does not guarantee a sustained rally. XRP's price remains tied to the broader macro environment, with the Federal Reserve's rate stance continuing to weigh on risk assets. The CLARITY Act — which would permanently classify XRP as a commodity under US law — is the one catalyst large enough to override macro pressure, but its Senate floor vote has slipped to late July or August, with Polymarket pricing passage odds at roughly 42%.

What Comes Next for XRP

For the SuperTrend signal to translate into a lasting move higher, XRP needs to clear two near-term resistance levels: $1.08 to $1.10, where sellers have repeatedly appeared, and the 50-day moving average near $1.13 to $1.15. A decisive break above $1.18 to $1.20 would confirm the downtrend is breaking.

If XRP closes a day below $1, the setup would invalidate, and the next support sits near $0.80. For now, the SuperTrend buy signal gives technical traders a reason to watch, but confirmation from volume and broader market stability will determine whether this is a genuine reversal or another failed bounce.

This article is for informational purposes only and does not constitute investment advice.