Pundit Says People May Be Underestimating What’s Coming Next for XRP. Here’s why

XRP has experienced a sharp upward move every July since 2020. Crypto analyst Austin (@Austin_XRPL) laid out that six-year pattern in a new video, and he thinks this July could extend it.

The Six-Year Pattern

Austin walked through each July on his chart, starting in 2020, when XRP ran from $0.19 to $0.32, a move of over 50%. July 2021 brought a retracement from $0.55 to $1.32. July 2022 marked the bear market bottom, with a smaller bounce of about 28%, the smallest of the six July moves.

In 2023, XRP jumped from $0.45 to nearly $1 within the first two weeks of the month after the court ruling that determined XRP is not a security. July 2024 saw XRP rise from $0.38 to $0.64, also near 100%. Last July, XRP hit its all-time high of $3.65, up from around $1.90.

Austin called that 2025 peak a bull trap rather than a genuine breakout. He said it looked more like the 2021 retracement than a true impulsive rally. He also pointed to the bear market that followed as proof.

Where XRP Stands Now

Austin believes XRP just finished a one-year correction from that bull trap top. He said, “I think we will have a fast reversal out of here for wave three to kick off.” He backed this up with RSI data. On the weekly chart, RSI sits at historically oversold levels, and it is the lowest it has ever been heading into July on the monthly chart.

He highlighted the poor market sentiment as a condition that could favor a bigger breakout beyond a falling wedge on the chart. Austin said this could push XRP toward new all-time highs, though he admitted that outlook “might sound a little hopium.”

Ripple Developments Add Context

Austin also referenced recent comments from Ripple CEO Brad Garlinghouse, including his statement that “financial engineering doesn’t drive long-term value, utility does,” tying that view to Ripple’s work on the XRP Ledger.

Austin also flagged news of a new stablecoin, Open USD, noting that Ripple is one of the day-one integration partners. He referenced commentary from Chad Steingraber suggesting Ripple could revisit its past interest in acquiring Circle.

What This Means for XRP

Austin’s central argument rests on the idea that XRP’s move off the $0.38 low in 2024 was impulsive, not corrective, and that the past year has functioned as a wave 2 pullback.

If that count holds, he expects wave three to begin soon. He combined that technical view with extreme oversold RSI readings and a pattern of July gains going back six years.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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