Ripple's XRP Faces Bearish Reversal as TD Sequential Flashes Sell Signal

The Ripple market is grappling with uncertainty as the TD Sequential indicator signals a potential bearish reversal. This development coincides with increased selling pressure on XRP price, notably from large-scale holders. Traders and investors are debating market trends to assess the next possible move for XRP price.

Analyst Ali Martinez has identified a sell signal on XRP price using the TD Sequential indicator. This technical tool, widely recognized for predicting trend reversals, has been reliable in the past when analyzing XRP price movements. The indicator recently flashed a “1” sell signal on the two-week chart, which suggests that the asset could enter a corrective phase. Previous occurrences of this signal have successfully marked turning points in the market, allowing traders to anticipate potential shifts in the altcoin price direction. The recent sell signal appears at the top of an uptrend, reinforcing concerns about a possible slowdown in bullish momentum.

This bearish signal coincides with an ongoing decline in XRP price, which has already experienced a notable downturn in recent days. Investors are now closely monitoring price action and additional technical indicators to determine whether this signal will lead to a prolonged downtrend or a temporary correction.

While the TD Sequential indicator suggests a bearish phase, other technical indicators provide a mixed outlook for XRP price. The Parabolic SAR, which tracks trend direction, has recently flipped below the price, indicating a potential shift in momentum. This could mean that the ongoing downtrend is weakening, allowing for stabilization or a possible rebound. Similarly, the MACD (Moving Average Convergence Divergence) indicator reflects decreasing selling pressure. The MACD line remains below the signal line, confirming the existing bearish trend. However, the histogram bars have started shrinking, suggesting a reduction in crypto market bearish momentum. If the MACD line crosses above the signal line, it could serve as a bullish reversal confirmation.

In addition to technical indicators signaling a correction, recent market activity has added pressure to XRP price. Data from analyst Ali Martinez reveals that Ripple whales recently offloaded 370 million XRP in 96 hours. This substantial sell-off contributed to a sharp 16% decline in Ripple price over the same period. The whale dumping event occurred as the altcoin fell from $2.5 to $2.1, raising concerns among investors about continued downward movement. The broader crypto market has also experienced volatility,