XRP Faces Historical June Declines Amid Midterm Year Patterns
XRP Dropped 17% to 39% Every Midterm Year June: Is 2026 Any Different?

Image: Benzinga
XRP has dropped nearly 5% as it enters June, a month historically marked by losses of 17% to 39% during midterm election years. Crypto analyst EGRAG notes that if XRP can reclaim key price levels, it may form a significant bear trap. The asset has also seen notable ETF outflows and a recent anniversary.
- 01XRP has historically fallen 17% in June 2014, 39% in June 2018, and 32% in June 2022 during midterm years.
- 02Current price dynamics suggest XRP could be forming a bear trap if it reclaims the 50 EMA and macro trendline.
- 03XRP investment products saw $20.3 million in inflows despite broader digital asset funds experiencing $1.5 billion in outflows.
- 04Over 25 million XRP have exited exchanges recently, indicating potential long-term accumulation.
- 05Support levels for XRP are between $1.10 and $1.15, with significant implications for price movement depending on whether these levels hold.
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XRP (CRYPTO: XRP) has experienced a nearly 5% decline as it enters June, a month that has historically seen significant losses for the cryptocurrency during midterm election years. According to crypto analyst EGRAG, XRP has recorded declines of 17% in June 2014, 39% in June 2018, and 32% in June 2022, all occurring under similar market conditions. EGRAG suggests that the current market setup could lead to a substantial bear trap if XRP manages to reclaim the 50 Exponential Moving Average (EMA) and the macro trendline. Additionally, XRP spot ETFs have reported their first outflow of June, totaling $5.34 million, yet XRP investment products still experienced $20.3 million in weekly inflows. Notably, over 25 million XRP have recently left exchanges, indicating a trend towards longer-term accumulation. Currently, XRP is trading within a demand zone established during its February recovery, with critical support levels between $1.10 and $1.15. A daily close below these levels could trigger further declines, while a rebound could target higher resistance levels.
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