XRP Has Always Experienced a Relief Bounce or the Start of a Bull Run in July Since 2020

Since 2020, XRP has experienced a relief bounce or the start of a bull trend in July, having recorded no red July candlestick during this period.

Notably, chart data supports this observation at a time when investors anticipate much-needed relief from the ongoing downtrend. Specifically, XRP has witnessed eight red monthly candlesticks out of nine since October 2025, recently dropping nearly 22% in June 2026.

Amid the downturn, historical data indicates that a relief bounce may be on the horizon in July. Interestingly, since 2020, XRP has often experienced losses in June. However, this has always been followed by a relief surge in July or the start of a bullish trend shift.

How XRP Performed in July from 2020 to 2023

For instance, XRP recorded a steep 13.55% decline in June 2020 amid a bear market downtrend that began after it collapsed from the $3.31 peak in January 2018. This downtrend lasted for over two years, but concluded after XRP’s rebound in July 2020.

Specifically, XRP spiked more than 48% in July 2020, marking its highest monthly gain in nearly two years. From here, August built on the rebound with an 8.29% gain. Despite occasional monthly declines, data shows XRP saw an upward trend after the July 2020 surge, eventually reaching the $1.96 high in April 2021.

However, after this local top, a pullback ensued, with May 2021 delivering a 34.77% loss and June 2021 seeing a 32.3% decline. 

Interestingly, a recovery emerged in July 2021 with XRP rebounding 6.91% that month and extending the gains with a 59% gain in August 2021. Nonetheless, this was merely a relief bounce, as the downtrend persisted later on.

This downtrend lasted for another year, and the Terra ecosystem crash of May 2022 exacerbated the situation. From April to June 2022, XRP collapsed 59%, but a rebound played out in July 2022, when the price recovered by 14%. While this also marked a relief bounce, XRP only consolidated from here instead of trending lower.

July 2023 to 2025 Marked Pivotal Periods for XRP

Meanwhile, from 2023 to 2025, July not only brought in gains for XRP, but it also marked pivotal moments for the crypto asset. Specifically, in July 2023, Judge Analisa Torres ruled that XRP was in itself not a security, going against part of the U.S. SEC’s argument in the Ripple case.

This ruling triggered a massive 47% increase in XRP’s price in July 2023, pushing XRP toward $0.94 before a pullback ensued. Besides the upsurge, the decision helped give XRP its much-needed legal clarity.

Further, in July 2024, XRP rose 31%, representing its highest monthly gain since the 47% rise in July 2023. Interestingly, this July 2024 increase marked the end of the ongoing consolidation that had lasted since July 2022, representing a trend shift. In less than four months, XRP saw the meteoric November 2024 upsurge.

Meanwhile, after XRP collapsed in February 2025, it entered a short period of consolidation around the $2 to $3 range. However, by July 2025, a rebound ensued, pushing XRP to its current all-time high of $3.66 before the ongoing downtrend began.

Will This July be Different?

Overall, XRP has seen consistent gains every July since 2020, with an average increase of 30% during the month. This pattern has built confidence among market participants who believe a trend shift or a relief bounce could occur again.

So far, XRP has already gained more than 2% this July, having recovered from $1.03 to $1.07 at press time. If the crypto asset sees at least a 30% increase this month, its price could soar to $1.33, recovering the $1.30 level. However, past performance does not guarantee that a similar trend will occur in the future.