XRP Flashes TD Sequential Buy Signal. Here’s the Significance

Crypto analyst Ali recently highlighted a TD Sequential buy signal on XRP’s four-hour chart, signaling a potential short-term price rebound. The appearance of a buy signal suggests that the ongoing downward momentum may be weakening, which could lead to a recovery.

Ali shared a chart of XRP/USDT on Binance, showcasing the formation of the buy signal and hinting that the asset might be preparing for a bounce. He stated that this could mark the beginning of a short-term uptrend, drawing attention from traders monitoring XRP’s price movements.

Market Reactions Remain Divided

Despite the technical buy signal, the reaction from the crypto community was mixed. Some traders were skeptical, arguing that XRP has struggled to sustain meaningful rallies and that selling pressure remains a major hurdle.

One user pointed out that XRP often experiences short-lived price increases but usually vanishes within 48 hours, making it difficult for the asset to maintain an upward trajectory. They also mentioned that significant supply above the $2.50 level acts as strong resistance, limiting XRP’s ability to break higher.

Others echoed concerns about the broader market environment, emphasizing that current conditions do not support an explosive bull run. They argued that XRP’s price movements have become highly volatile, resembling a pattern of quick spikes followed by equally rapid declines. This sentiment reflects a broader uncertainty among traders regarding whether XRP can sustain any recovery soon.

Ali responded to the skepticism by pointing to XRP’s historical price performance, reminding traders that the asset had previously surged from $0.40 to $3.40. He suggested that such a price increase was a clear example of an explosive rally, contradicting claims that XRP no longer has the potential for strong upward moves.

Current Market Conditions and Outlook

Despite the TD Sequential buy signal, XRP has not shown any strong signs of a reversal. According to data from CoinMarketCap, XRP is currently trading at $2.36, reflecting a 1.69% decline in the last 24 hours. The price action remains subdued, with the asset hovering around a key support level.

While some traders see the TD Sequential signal as a reason for optimism, others remain cautious, noting that XRP has struggled to break through resistance in recent weeks. The broader market sentiment could aid in determining whether XRP can sustain any potential rebound. If Bitcoin and other major cryptocurrencies fail to maintain strength, XRP could face continued pressure.

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.

---

Follow us on X, Facebook, Telegram, and Google News