XRP’s June Struggle: A History of Midterm Slumps and What Could Follow

XRP has had a rough history in June during midterm election years. In 2014, it dropped 17%; in 2018, a sharper 39% decline; and in 2022, it fell 32%. These patterns share a common setup—XRP started below the 50-day moving average during tight market conditions, with bearish sentiment peaking before a bottom formed. Some analysts suggest this trend could flip if XRP breaks above key resistance levels, turning a potential loss into a surprise rebound.This month, XRP ETFs saw their first outflow of June, losing $5. 34 million—mostly from Bitwise alone. Yet, despite that, weekly inflows still hit $20. 3 million, showing mixed signals. Meanwhile, over 25 million XRP moved out of exchanges recently, a move often linked to long-term buying rather than quick selling. XRP also turned 14 years old this week, marking the birth of its 100 billion token supply back in 2012. Right now, it’s sitting in a key support zone between $1. 10 and $1. 15—the same level that sparked a recovery in February. The price is deeply oversold, with technical indicators flashing red. If XRP slips below $1. 10, it could drop further to $1. 00 or even $0. 90. But a strong bounce from support could push it up to $1. 43 or $1. 53.