Analyst Sees Bullish Signals for XRP and ADA
Crypto analyst Ali Martinez identified potential bullish signals for XRP and Cardano’s ADA. For XRP, the $1.31–$1.38 range is a key support zone, with more than 4.8 billion XRP previously purchased there. Martinez said sustained trading above this area could limit downside risk. US spot XRP ETFs also accumulated more than $105 million worth of XRP last week, adding demand during the market correction. On the hourly chart, XRP may be forming a bullish flag. A break above $1.38 could support a move towards $2, although confirmation and broader market conditions remain important. For ADA, the Tom DeMark Sequential indicator produced a new buy signal on the daily chart. Previous signals were followed by gains of 44.5%, 11.5% and 50.9% after signals on 25 June, 15 July and 18 August respectively. The indicators suggest possible recovery setups, but they are not guarantees and traders should monitor volume, liquidity and wider market sentiment.
Bullish
The article has a moderately bullish implication, driven by two technical factors and one demand-related factor. XRP is holding above a reported $1.31–$1.38 support zone, while more than $105 million of spot XRP ETF purchases could provide an additional source of demand. A confirmed break above $1.38 would strengthen the bullish flag setup and may attract momentum traders targeting higher levels, including $2. ADA also received a bullish Tom DeMark Sequential signal, with several recent signals followed by substantial gains. Similar technical signals in crypto markets have often triggered short-term relief rallies, particularly when supported by improving liquidity and positive sentiment. However, these indicators can produce false signals during broad market sell-offs. Failure of XRP to hold $1.31, weak ETF flows, low trading volume or a decline in Bitcoin and wider risk assets could invalidate the setups. In the short term, the news may encourage speculative buying and increase volatility around the stated price levels. Over the longer term, sustained ETF demand and repeated confirmation of ADA’s trend signals would be more meaningful than a single indicator. The overall impact is therefore bullish, but conditional rather than definitive.