After weeks of heavy selling pressure, XRP has finally shown signs of a possible recovery, jumping 4% over the past 24 hours to around $1.10. Now, popular crypto analyst Ali Martinez says a key technical indicator has flashed its first buy signal since mid-June.
The last time this signal appeared, XRP rallied about 14%, which means that the price could jump toward $1.24 if history repeats.XRP Flashes Its First Buy Signal Since June
On the 4-hour XRP chart, Ali Martinez noted that the SuperTrend indicator has flashed a buy signal for the first time since mid-June.
According to his chart, the same indicator correctly identified the last two major corrections of 19% and 16%, making it one of XRP’s more reliable trend-reversal signals.
The last time this buy signal appeared, XRP rallied around 14.2%. If history repeats, a similar move from the current $1.09 level could push the price toward $1.24.
After analyzing the chart, Martinez also noted that XRP is trying to build support around the $1.08-$1.09 zone, where buyers appear to be stepping back into the market.
Whales Are Buying While Most Traders Remain Fearful
It’s not just the indicator flashing a bullish signal. CryptoQuant data also shows whales are quietly accumulating XRP.
The All CEX Whale vs Retail Spread currently stands at 50.9%, while Binance’s reading is 44.6%, indicating that large investors are buying more aggressively even as retail traders remain cautious.
At the same time, XRP has recorded its strongest new wallet growth in three months, suggesting fresh network activity is returning alongside higher trading volume.
Meanwhile, Santiment’s MVRV data shows XRP holders are experiencing some of the deepest unrealized losses in the asset’s history. The 30-day MVRV stands at -45%, while the 365-day MVRV has fallen to -47%.
Historically, such deeply negative MVRV readings have often marked strong long-term buying opportunities, as they reflect periods of extreme fear and heavy selling pressure.
Analyst Predicts One Final Dip Before XRP Rally Begins
While Ali Martinez sees a bullish signal, another crypto analyst, ChartNerd, believes XRP could see one more dip before the actual rally begins.
He noted that XRP remains below its important 20-week EMA near $1.35, meaning the longer-term trend has not yet turned bullish.
According to him, XRP could still revisit $1.00, $0.93, or even $0.87 before completing its correction. However, he argues that regardless of where the final bottom forms, XRP will see a potential recovery soon.
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