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Altcoin XRP coils for a bullish breakout as Thailand confirms positive move.
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Thailand confirms 0% capital gains tax on XRP trading.
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Can XRP pull a major pump this summer?
The prices of BTC and ETH show steady strength as the pioneer crypto and altcoin assets reclaim prices above $60,000 and $1,600, respectively. As these assets show a steady rise in prices, expectations for altcoin assets to recover also grow strong. At the moment, XRP coils for a bullish breakout as Thailand confirms 0% capital gains tax on XRP trading. Can XRP price surge this summer?
XRP Coils for a Bullish Breakout as Thailand Confirms Positive Move
According to CoinMarketCap analytics, the price of XRP is currently trading at $1.09, showing that the price of the native Ripple token is up by over 4% over the last 24 hours. While the asset is down by over 11% over the last 30 days, the asset shows that it is up by 5% over the last 7 days. Is this a recovery pattern for XRP after setting a local bottom, or is a greater dip expected?
🚨 I Still Think XRP Needs One Final Low! 🚨
ripple:native is finally getting some momentum off the $1 area, but in my opinion, it still isn't enough to invalidate the $0.87 support.
📉The macro timeframes have printed the bullish divergence you'd expect near a major market… pic.twitter.com/LDufmWkqqf
— CasiTrades 🔥 (@CasiTrades) July 2, 2026
According to the expert in the post above, one more final low is expected for Ripple’s XRP. The analyst explains how XRP is finally getting some momentum off the $1 area, but still could dip to the $0.87 support range. So far, the macro timeframes have printed the bullish divergence, but what’s missing is the smaller timeframes is one final wave down so that bullish divergences can align across multiple timeframes and $0.87 is the most likely target.
Thailand Confirms 0% Capital Gains Tax on XRP Trading
🚨🇹🇭 THAILAND GOES 0% ON XRP 🇹🇭🚨
Thailand has officially introduced a 0% capital gains tax on $XRP trading through licensed crypto exchanges.
A major boost for XRP adoption in one of Asia’s fastest growing digital asset markets. 👀 pic.twitter.com/nJwjI3TMLr
— John Squire 🇺🇸 (@TheCryptoSquire) July 2, 2026
What’s more, the expert goes on to elaborate by saying that in the short term, XRP traders are seeing XRP testing $1.09 as support. This expert still thinks that that level will break before this correction is finished. The good news is whether the final low is at $1.00, $0.93, or $0.87, the bigger story is that the market is preparing for a major pivot towards new ATHs. Also supporting XRP’s bullish prediction is Thailand’s pro-XRP announcement.
$XRP Coiling For A Breakout 🚀
XRP is currently coiling tightly between key support around $1.00 and the major year-long downtrend line. This setup is VERY important to understand:
If XRP breaks above this downtrend with strong volume, it could deliver the breakout many in the… pic.twitter.com/9EjcOaajq9
— Josiah Gallegos (@josiahmarqus) July 2, 2026
As we can see from the posts above, Thailand has officially introduced a 0% capital gains tax on XRP trading through licensed crypto exchanges. A major boost for XRP adoption in one of Asia’s fastest growing digital asset markets. This coincides with XRP coiling tightly between key support around $1.00 and the major year-long downtrend line. This setup is VERY important to understand: If XRP breaks above this downtrend with strong volume, it could deliver the breakout many in the XRP community have been waiting for.
On the other hand, losing the $1.00 support level would likely take us down to test the next support zones. We’re currently testing the 50-day moving average. Pushing and holding above it would help strengthen the bullish case. Also, July has historically been a strong month for XRP’s price action, and the potential passage of the Clarity Act could provide the regulatory tailwind needed to shift the current sentiment from bearish to bullish.
