Ripple (XRP) prices dropped on Friday, June 26 $1,009the closest brush with the psychological $1 The current level since November 2024. Despite market weakness, XRP spot ETF inflows have remained positive.
AMBCrypto reports that this spot ETF demand is tightening the available XRP supply but may not result in immediate positive gains in these stressed market conditions.
The lack of broader demand for XRP in the market and the decline in speculative interest in recent months have pointed to a bleak outlook.
Can XRP bulls protect $1 from subsequent sell-offs?
The 1-day chart of XRP highlighted an altcoin trading in a long-term downtrend. Persistent downtrend extends backwards July 2025. Earlier this year, in February, emissions were low. $1.61 from April 2025 was breached and confirmed the downtrend.
A range formation (purple) existed for several months, but the sell-off towards the end of May was too hot for the bulls to handle. At the time of this writing, after a short jump $1.3XRP was abuzz about this $1.05 local miscarriages
XRP price expectations for July
Open Interest has stabilized at approximately 400 million XRP in recent months. Open Interest Turnover Ratio also remained stable recently 0.71. The absence of spikes in both measures meant that the speculative market was calmer and more stable.
Derivatives traders were less willing to place directional bets, and short-term speculation slowed. Analyst Arab Chain wrote that investors can use the sudden rise in OI and turnover rate as an early warning of increased volatility.
The 4-hour chart showed that XRP is trading in a downtrend. Vault $1.2935 There was only one retreat in mid-June. 78.6% Fibonacci retracement level $1,2985.
This bounce was quickly sold off and XRP was about to extend its downtrend towards its southward expansion targets. $0.975 and $0.854.
Therefore, as July progresses, the Ripple token price drops below: $1 It seemed quite likely.
Final Summary
- Speculative activity has decreased and the derivatives market has calmed, but investors need to be wary of changing conditions and increased volatility.
- Based on the available evidence, the bearish momentum and structure in XRP will likely cause prices to drop to $0.85 in July.
