Crypto
XRP Flashes Buy Signal as On-Chain Data Hits Record Low
XRP flashes its first buy signal since mid-June as analyst Ali Martinez points to a possible market bottom.
5d ago 4,280
BLOCKINSIDERLoadingXRP flashes its first buy signal since mid-June as analyst Ali Martinez points to a possible market bottom.
XRP is showing signs of recovery after rising 3.6% to trade around $1.10 late Sunday. Crypto analyst Ali Martinez noted that the token flashed its first buy signal on the four-hour chart since mid-June. The last time this signal appeared, XRP rallied 14%.
Interestingly, on-chain data suggests selling pressure is easing, and XRP price may be forming a bottom near its latest zone.
Crypto analyst Ali Martinez tweeted that the SuperTrend indicator has flashed its first buy signal on XRP's four-hour chart since mid-June. The same indicator has accurately identified several major trend reversals in recent months.
A 14% price rally followed its previous buy signal, whereas earlier sell signals preceded declines of nearly 19% and 16%.
Ali says that the latest signal does not guarantee another breakout, but it suggests bearish momentum may be weakening.
Additionally, XRP’s RSI was also notably low for June 2026 (40.59), lower than the peak Covid days and the 2022 Terra Luna crash. The RSI’s low potentially signals the final part of a capitulation phase.
However, XRP price has begun to stabilize above $1 after last week's sharp decline. The token repeatedly defended support near $1.08 before climbing toward $1.10, while daily trading volume reached nearly $1.78 billion, signaling renewed market participation.
It’s not just a technical indicator flashing a bullish signal, XRP network activity points to improving investor confidence.
According to CryptoQuant data, daily XRP wallet creation climbed to 4,941 new addresses, marking the strongest single-day increase in roughly 14 weeks.
At the same time, bullish social sentiment reached a three-month high, with positive XRP discussions outnumbering bearish comments by nearly 3.7-to-1.
Ripple also completed its scheduled 1 billion XRP escrow release without triggering significant selling pressure, easing concerns that the monthly token unlock would weigh on prices.
Meanwhile, exchange balances continue moving lower. Binance's XRP reserves have declined by roughly 6%, falling from about 2.78 billion XRP in May to approximately 2.61 billion XRP. South Korean exchange Upbit also recorded a decline in XRP holdings over the same period.
Falling exchange balances generally suggest investors are transferring tokens into private wallets rather than preparing to sell them immediately, often reflecting stronger long-term conviction.
According to data from Santiment, XRP's 30-day MVRV has fallen to around -45%, while its 365-day MVRV sits near -47%. These metrics measure the average profit or loss of holders, and current readings suggest that both short-term and long-term investors are sitting on some of the largest unrealized losses in XRP's history.
More importantly, the combined MVRV readings have never been this low during XRP's nearly 12-year trading history.
Historically, such deeply negative levels have often appeared near major market bottoms, when selling pressure begins to fade, and long-term investors gradually return.
Furthermore, Martinez noted that while XRP could still experience additional downside if the overall crypto market weakens further.
Despite the positive outlook, market analyst ChartNerd noted that XRP continues to trade below its 20-week Exponential Moving Average (EMA), currently around $1.35.
In previous market cycles, reclaiming this level has been necessary before confirming a sustained bullish trend.
ChartNerd believes XRP could still stage a relief rally from current levels, but the broader downtrend technically remains intact near $1 until the token closes above that long-term resistance.
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