XRP is attracting the attention of technical analysts, as the asset prints a rare combination of bullish reversal signals on the daily timeframe.
According to data from Ali Martinez, XRP has triggered two classic indicators that often precede significant upward momentum shifts. First, the Tom DeMark Sequential indicator has flashed a buy signal, characterized by the printing of a “9” candlestick. This pattern is historically associated with a one- to four-day relief rebound.
Simultaneously, the asset has formed a “Morning Star Doji” candlestick pattern over the last three sessions, a formation widely recognized by traders as a signal that a localized price floor may be in place.
If market participants provide the necessary volume to confirm these patterns, analysts suggest XRP could move toward the $1.30 resistance level.
This technical optimism is supported by a notable increase in on-chain engagement. Network participation has accelerated over the past two weeks, with daily active addresses rising from 23,000 on June 14 to nearly 39,500 on June 28.
 
This surge in active addresses suggests that the current price action is driven by network usage rather than speculation.
These developments align with broader shifts in the altcoin sector, which is currently displaying a weekly bullish divergence. Crypto analyst Michaël van de Poppe suggests this divergence indicates that the altcoin market may be entering the final phase of its long-term correction.
By hitting critical higher-timeframe support levels, the market is showing signs of stabilization. However, the current environment is still fragmented. Liquidity appears to be concentrated in a few assets, while others continue to experience downward pressure.
Currently, the Altcoin Season Index is at 48/100, still in “Bitcoin Season”. While the index has recovered from its monthly low of 36, it is still far from the peak of 78 reached in September 2025.
As the market enters the new week, investors are closely watching to see if XRP’s technical strength can catalyze a rotation of liquidity back into altcoins.
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