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XRP (CRYPTO: XRP) is down almost 5% on Thursday, entering a month that has delivered losses between 17% and 39% in every prior midterm election year.
June Has Never Been Kind To XRP In Midterm Years
Crypto analyst EGRAG laid out the historical pattern on X.
XRP fell 17% in June 2014, 39% in June 2018, and 32% in June 2022.
All three years shared the same setup: price opening below the 50 EMA during macro compression phases with sentiment turning extremely bearish before structure eventually formed a bottoming zone.
“The market moves hardest when the majority expects the opposite,” EGRAG wrote, noting the current setup could become one of the biggest bear traps of the cycle if XRP reclaims the 50 EMA and the macro …
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