Ash Crypto Says This Major Breakout Is Bullish for XRP Holders

XRP spent much of the past two months grinding lower. The token peaked at $1.54 in mid-May, followed by a sustained, structured decline for 66 days.

Crypto analyst Ash Crypto (@AshCrypto) posted a chart Tuesday showing that decline has now ended. “XRP just broke out of its 66-day downtrend,” noting that this is bullish for XRP holders.

The chart tells a clear story. A descending trendline connects a sequence of lower highs starting from the May peak near $1.54. Three separate rally attempts, each marked on the chart with yellow arrows, failed at that trendline in early June, mid-June, and early July.

Each rejection came at a lower price than the last. The pattern continued until XRP bottomed just above $1 in late June, testing a key psychological support level before stabilizing.

The June Decline

The sharpest selling pressure arrived in early June. XRP fell from around $1.38 to below $1.10 in a matter of days, a move that extended the downtrend and erased the gains from a brief recovery attempt. Buyers stepped in near $1, but rallies stayed capped below the trendline. That resistance held through three distinct tests over the following weeks.

The Breakout

The structure changed around July 21. XRP pushed above the descending trendline and held. At the time of the chart, the token traded at $1.1361. The white arrow on Ash Crypto’s chart marks the breakout candle above the trendline, a level that had rejected every prior rally attempt since May.

Trendline breaks of this kind carry significance. The break matters because long structures rarely snap without repositioning behind them. Breaking a barrier that has held for months can activate clusters of resting orders and force a rapid repricing of the asset.

What Analysts Are Watching

Multiple analysts see July as a potentially important month for XRP. Historically, XRP closed higher on the last day of July in eight out of 13 years, making it one of the best months for XRP in its history.

July still has just under two weeks remaining. Sentiment among analysts has turned constructive following the breakout, with many analysts hoping the asset will repeat history. A successful breakout above the $1.12-$1.18 resistance zone would open the way toward medium-term targets close to $1.60 and maybe higher before the month ends.