This Top Indicator Says “Buy XRP Now”. Here’s why
Main Idea
The TD Sequential indicator has flashed a buy signal for XRP, suggesting a potential short-term rally, supported by whale accumulation and technical analysis.
Key Points
1. The TD Sequential indicator, developed by Tom DeMark, has signaled a buy for XRP on the 4-hour chart, indicating a potential trend reversal.
2. Whale wallets have accumulated over 280 million XRP in the past 10 days, reflecting strong confidence in the asset.
3. XRP's price has been volatile, recently pulling back to around $3.13 after reaching a local high of $3.65, with current trading near $3.16.
4. Key support levels for XRP are around $3.00 to $3.10, while resistance is near $3.50 to $3.65; a break above this could target $4.47.
5. Analysts remain optimistic about XRP's long-term trajectory, with potential medium-term price targets between $4 and $12 if momentum builds.
Description
XRP may be poised for a rebound, according to a key signal from one of the market’s most trusted technical indicators. In a recent post on X, respected crypto analyst Ali Martinez revealed that the TD Sequential indicator has flashed a buy signal on XRP’s 4-hour chart. His message was direct: “Buy $XRP now, says the TD Sequential indicator!” This could mark the beginning of a new short-term rally for the digital asset. The TD Sequential Buy Signal The TD Sequential indicator, developed by legend...
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