Back-to-Back TD Sequential Buy Signals Suggest XRP Could Rebound
Analyst Ali Martinez spots back-to-back buy signals from the TD Sequential indicator on XRP’s 12-hour chart. After a late-August sell-off dragged XRP from near $3 to about $2.7, these signals may mark bearish exhaustion and the formation of a floor. Martinez highlights that sustaining closes above support at $2.7 could trigger a rebound toward $2.8–$2.85 resistance. Traders often seek follow-through confirmation before acting on TD Sequential alerts. While not a guaranteed reversal, this setup could attract buyers and alter sentiment if validated by upcoming price action.
Bullish
The appearance of consecutive TD Sequential buy signals on XRP’s chart typically indicates trend exhaustion and a potential momentum shift. Historically, similar setups in assets like Bitcoin and Ethereum have preceded short-term rebounds, drawing renewed buying interest. With XRP testing support around $2.7 and showing signs of a floor, traders may view this as a low-risk entry point. If upcoming sessions confirm higher closes, momentum could build toward resistance at $2.8–$2.85. Overall, the signal’s confirmation may spur bullish sentiment, increased volume, and a short-term rally in XRP.