XRP is flashing a mixed setup: analyst Ali Martinez says two bullish chart patterns and a sharp rise in XRP Ledger activity could support a bounce, but the token still has to prove it can hold support and clear overhead resistance. The market is showing signs of life. It is not showing mercy.
- Two bullish reversal patterns appeared on the daily chart, according to Ali Martinez
- Daily active XRP Ledger addresses jumped to nearly 39, 500
- Price remains fragile around the $1.05 to $1.07 zone
- Resistance still sits overhead and support has not been fully reclaimed
XRP has been under pressure, with the price sliding sharply before recovering into the $1.05 to $1.07 range. That rebound is better than sitting at the lows, but it is not exactly a victory parade. Bulls have a case here. They just do not have the win yet.
Martinez pointed to three bullish signals: a Tom DeMark Sequential “9” buy signal, a Morning Star Doji candlestick formation, and a noticeable jump in activity on the XRP Ledger. The first two come from technical analysis on the daily chart. The third comes from on-chain data, which is usually the more interesting part because it measures what people are actually doing, not just what they are shouting at their screens.
The chart is trying to turn, but it still needs confirmation
The Tom DeMark Sequential is a momentum tool traders use to spot when a trend may be exhausted. In plain English: it tries to catch the moment when sellers get tired. A “9” buy signal suggests the downside move may be running out of steam, though it does not promise a full reversal. Crypto traders love turning that into prophecy. The market, naturally, prefers to mock prophecy. That is why the Bitcoin Price Analysis: BTC Faces Key Resistance at $28, 500 type of chart-watching mindset gets so much attention, and so much grief, across the market.
The Morning Star Doji is another bullish reversal pattern. It is usually described as a selloff, then a pause, then a recovery candle. The middle candle is a doji, meaning the open and close are nearly the same, which signals indecision. If buyers step in after that hesitation, the pattern can hint that sellers are losing control.
That is the key word: hint. Technical patterns are useful, but they are not magic. They can fail fast when the broader market is weak or when selling pressure is still too heavy. A pretty candle formation is not the same thing as a real trend change.
Price levels matter because they show whether the bounce has actual muscle. The levels being watched above current price include $1.10, $1.15, $1.21, and $1.27. If XRP cannot reclaim nearby resistance with conviction, the move risks turning into another temporary bounce rather than the start of something stronger.
Why the XRP Ledger activity stands out
The more meaningful sign may be happening on-chain. Data shared by Martinez from Santiment shows daily active XRP addresses rising from about 23, 000 on June 14 to nearly 39, 500. That is a gain of roughly 71% in daily network participation, which lines up with the broader XRP Active Addresses Surge Amid Market Volatility narrative floating around the market.
Daily active addresses are a proxy for network usage. They count how many wallet addresses were active on a given day. That makes them useful, but not perfect. One entity can control multiple addresses, and activity can be distorted by bots, exchange movements, or short-lived bursts of network traffic. So yes, the rise is encouraging. No, it is not gospel handed down from the blockchain heavens.
Still, rising active addresses while price is weak can matter. It suggests the network may be seeing more engagement even before the market fully reflects it. Intellectia.ai described the jump as a possible liquidity signal, but also noted that follow-through is necessary. That caveat matters. If the activity does not stick, the signal fades into noise.
Around 40, 000 daily active addresses is a reasonable milestone to watch from here. That is not a formal threshold, just a round number that helps frame whether participation keeps expanding or rolls over again. For anyone staring at the Chart Description, the message is simple: more activity is better than less, but context still matters.
Where XRP stands now
Intellectia.ai says XRP was trading around $1.05, with intraday movement between $1.04 and $1.07. That keeps the token in a fragile zone. The bounce is real enough to notice, but not strong enough to declare a clean reversal.
On the downside, the market needs to keep an eye on $1.02. If price slips below that area, the bullish candlestick setup loses a lot of its usefulness and the broader downtrend likely stays in control. If sellers push through $1.00, the next downside area in the notes is $0.97. That kind of downside risk is exactly why some traders keep warning about an XRP Price Crash Looms at $1.13 as Bear Market Tightens Grip scenario if support fails to hold.
That is the hard part with XRP and plenty of other crypto assets: network activity can improve while price still drifts lower, and technical signals can flash green before the market is ready to listen. Usage and valuation do not always move together. In crypto, that disconnect is practically a feature.
What would confirm a real rebound?
For the bullish case to gain credibility, XRP needs more than a small bounce. A decisive move above $1.10 with stronger volume would be a better sign. From there, traders would likely look for a test of $1.15, and if broader crypto sentiment improves, $1.20 comes into view.
Volume matters because it shows whether buyers are actually committed. A breakout without volume is often just a head fake. The market has a nasty habit of handing out false hopes and then charging interest.
At the same time, the increase in active addresses should be treated as supportive evidence, not a guarantee of higher prices. It may reflect real demand, but it may also reflect short-term churn. The longer the activity stays elevated, the more persuasive the signal becomes. That is why some commentators keep circling back to the idea that XRP Doesn’t Need CLARITY Act as Adoption and Legal Clarity to survive the next phase, because adoption and usage can matter more than political theater.
Key takeaways
-
What are the bullish signals for XRP?
Ali Martinez highlighted a Tom DeMark Sequential “9” buy signal, a Morning Star Doji pattern, and a sharp rise in XRP Ledger activity. -
Why does the address count matter?
Daily active addresses are a rough proxy for network usage. A jump from about 23, 000 to nearly 39, 500 suggests stronger participation, though it does not guarantee price upside. -
What price level is most important right now?
The $1.02 area is the key support to watch. Lose that, and the bullish setup becomes much less convincing. -
What would strengthen the rebound case?
A move above $1.10 on stronger volume would improve the picture, followed by tests of $1.15 and then $1.20 if market conditions cooperate. -
Does rising network activity mean XRP must rally?
No. It is a helpful sign, not a promise. On-chain activity can rise without an immediate price breakout, especially if the broader market stays weak.
The bigger picture
XRP remains one of crypto’s most polarizing assets. Supporters point to the Addresses model on the XRP Ledger’s payment rails, the network’s speed, low fees, and utility. Critics point out that token price and network usage often fail to line up neatly, and that’s a recurring problem across this market.
That tension is exactly why the current setup is worth watching. The chart is showing possible exhaustion. The network is showing more life. But until XRP reclaims resistance and holds it, the safest read is simple: the trend is still under pressure, and the bulls still need to prove they deserve the nod.
For readers keeping score, that also means it is worth revisiting earlier warnings like XRP in Crisis: Active Addresses and Price Hit Record Lows when the market was far uglier. And if you want the broader counterpoint, there is also the case that XRP Price Just Flashed Three Bullish Signals! could mark the beginning of a better phase, assuming the market does not immediately pull the rug, which, to be fair, crypto loves doing with a grin.
