Peter Smith
XRP has triggered a TD Sequential buy signal, a technical indicator that often marks trend exhaustion and potential reversals. The TD Sequential is widely used by traders to spot when selling pressure is running out of steam, and right now, it's pointing to a potential bullish shift.
Chart Analysis: What the Setup Shows
According to analyst Ali, this signal suggests the recent downtrend may be ending, with price action on the 4-hour chart showing XRP could be gearing up for an upward move. The 4-hour chart reveals several important factors at play:
- TD Sequential Buy Signal: This is the key indicator flashing green for XRP right now. It suggests sellers are exhausted and buyers might be ready to step in, historically serving as a reliable marker for trend changes.
- Current Price Action: XRP has been hovering around $2.37–$2.38, building a base in what looks like pre-breakout consolidation. This sideways movement often comes before bigger price swings.
- Resistance at $2.45: This level has proven stubborn. Breaking above it would open the door to $2.60 and confirm the rebound is real, not just a fake-out.
- Volume Matters: The real test comes down to volume. A breakout needs strong buying interest to stick, otherwise it's just noise.
What's Behind the Potential Move?
The broader crypto market is looking healthy, with Bitcoin and Ethereum pushing higher. XRP typically rides these waves alongside other altcoins. Add to that Ripple's improving legal situation with the SEC and growing adoption of XRP for cross-border payments by financial institutions, and you've got multiple tailwinds potentially supporting a price increase.
Support: The $2.35–$2.37 zone is critical. If XRP holds here, the bullish case stays intact. Dipping below could delay or cancel the rebound scenario.
Resistance: Breaking through $2.45–$2.50 is the main hurdle. Clear that with conviction, and $2.60 becomes the next stop, with $2.80 and eventually $3.00 in sight if momentum builds.
Volume Confirmation: Without strong volume backing any breakout, it's just wishful thinking. Watch for increasing trade activity as price attempts to push higher.
The TD Sequential buy signal is flashing, and XRP sits at an interesting technical juncture around $2.37. If support holds and resistance at $2.45 breaks with solid volume, we could see XRP climb toward $2.60 and potentially $3.00 in the coming weeks. That said, crypto markets are unpredictable, and false breakouts happen. The smart play is watching those key levels and volume closely before making any moves. If the stars align, XRP holders might be in for an interesting ride higher.
Peter Smith
