XRP's Tumultuous Ride: February's 26% Drop Erases Gains, TD Sequential Warns of Further Decline

XRP, the native cryptocurrency of the Ripple network, has experienced a tumultuous start to the year, with February proving particularly challenging. After a strong performance in January and November 2024, which saw the token's value increase by 336%, XRP faced a significant setback in February, with a 26.67% drop in value. This decline erased the gains made during the previous months and led to the token losing its $3 price mark.

The TD Sequential indicator, a trend reversal tool that studies market cycles, has been closely watched by investors. Ali Martinez, a renowned crypto analyst, has been monitoring the TD Sequential points of XRP and believes that the token's price correction is not yet over. Martinez has been tracking the TD Sequential data for XRP since 2022 and has found it to be consistently accurate in a two-week time frame. At the time of writing, the TD Sequential data is showing a Sell signal, suggesting that XRP may resume its bearish momentum. This could have implications for both short- and long-term investors, who may want to consider selling their holdings to minimize losses and maximize profits.