XRP's July Rally: 48% Surge in 2020, 30%+ Gains in 2022, 2024

XRP, the cryptocurrency associated with Ripple, has been a focal point for investors as the crypto market navigates through uncertainty. July has historically been a favorable month for XRP, with the cryptocurrency posting gains for the past five consecutive years. This trend has led to cautious optimism among investors, who are hoping that history will repeat itself. Despite recent dips, XRP has shown resilience, particularly around the $2 mark. The cryptocurrency is currently down around 2% in the last 24 hours, but the broader picture suggests a potential for a significant rally.

The positive trend for XRP in July began in 2020, when it surged over 48% despite regulatory challenges from the SEC. Since then, XRP has delivered positive returns every July, with notable gains in 2021, 2022, 2023, and 2024. The years 2022 and 2024 saw particularly strong performances, with gains exceeding 30%. This consistent upward trend has fueled investor optimism, especially as four of the last five years have seen double-digit gains. The momentum behind XRP suggests that this July could be another big month for the cryptocurrency if the trend continues.

Recent developments from Ripple have added to the excitement surrounding XRP. The company has rolled out a new stablecoin and launched a U.S.-based XRP ETF, which has brought fresh energy to the XRP community. These new catalysts, combined with the historical performance of XRP in July, have sparked renewed interest in the cryptocurrency. The broader market is also starting to shift, which could further support a sustained rally for XRP.

On April 19th, 2025, XRP showed a consistent upward trajectory on the 5-minute chart, forming a rising channel after rebounding from the support zone near $2.05. The asset remained within a clearly defined trading range, with the upper boundary at $2.10 acting as a strong resistance. Each pullback within the channel found higher lows, confirming bullish momentum. RSI indicators signaled overbought levels multiple times near price peaks, hinting at short-term exhaustion, while the oversold signals at the lower channel line supported price recoveries. The RSI has most recently cooled to 49.70, suggesting temporary consolidation.

The MACD indicator reflects alternating bullish and bearish momentum shifts through multiple golden and death crosses. Golden crosses near support often preceded price rallies, whereas death crosses tended to align with short-term pullbacks near resistance. A recent golden cross was observed during the price move from $2.065 to above $2.085, adding strength to the bullish trend. However, another death cross has just formed, signaling the potential for a brief correction. As long as price action respects the rising channel support, bullish continuation toward the $2.10 resistance remains probable. XRP may extend its upward move and retest the $2.10 level, but rejection from this resistance could lead to short-term consolidation around $2.07–$2.08.

Investors are closely monitoring XRP's performance, particularly with July's track record of gains in mind. The cryptocurrency has moved steadily within a rising channel, bouncing off key support at $2.05 and pressing against resistance at $2.10. While indicators suggest short-term volatility, the broader bullish trend for XRP remains intact. If momentum holds, another rally for XRP could be on the horizon. The $2.05–$2.10 range will be crucial in determining XRP's next move.