XRP may be on the verge of a short-term rebound, according to a recent analysis by crypto market analyst Ali Martinez (@ali_charts).
In a post on X, Martinez highlighted that the TD Sequential indicator has signaled a buy opportunity on XRP’s hourly chart. The signal comes after a period of sideways movement, suggesting a potential shift in momentum.
The attached chart illustrates a series of bearish candlesticks leading into what appears to be a stabilization phase. Notably, Martinez predicted this decline in mid-February. Following this, the asset saw multiple days of bearish closes, before a brief consolidation phase.
$XRP looks set for a rebound as the TD Sequential indicator flashes a buy signal on the hourly chart! pic.twitter.com/PYN6TuyI8W
— Ali (@ali_charts) February 21, 2025
The TD Sequential Indicator Turns Positive
The chart presents a compelling buy signal due to the TD Sequential indicator’s structure, which is designed to identify trend exhaustion and potential reversals. In this case, the appearance of a green “1” after a completed bearish sequence suggests that selling pressure may weaken and buyers could begin regaining control.
The consolidation phase, which often precedes a reversal, has added to the bullish sentiment. The slight upward movement following the signal further supports the idea that buying interest is increasing, making this a key technical point for traders watching for a shift in momentum.
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At the time of Martinez’s post, XRP was trading around $2.6557, reflecting a slight increase of 0.30%. The indicator suggests buyers may begin entering the market, potentially reversing the previous downtrend. However, as with any technical signal, confirmation through additional indicators and price action is necessary before establishing a definitive trend direction.
Where is XRP Going Next?
Martinez has previously provided insights into XRP’s price movements, identifying both bullish and bearish patterns. Recently, he noted that XRP could be gearing up for a rebound following a bullish signal similar to the current one.
XRP’s broader trend remains influenced by factors beyond technical indicators. Market sentiment, overall cryptocurrency trends, and external developments such as regulatory updates continue to play a role in price fluctuations. Martinez pointed out that if XRP maintains certain support levels, it could retest higher price points, including the $3 range.
While Martinez’s analysis suggests a possible shift in momentum, broader market conditions will ultimately determine whether XRP can sustain an upward move. However, the market is leaning toward a bullish run in the short term, and XRP could begin smashing records soon.
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 urged to do in-depth 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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