XRP News Today: XRP Technicals Flip Bullish as TD Sequential Reaches Nine-Count Buy Signal

XRP has recently shown signs of a potential bullish reversal, as highlighted by the TD Sequential indicator, a key technical metric used by traders to gauge trend exhaustion and possible reversals [1]. According to Ali, a crypto analyst known for technical market analysis, the indicator has flipped from bearish to bullish after signaling a recent top that preceded a sharp decline in XRP’s price [1]. This shift suggests that the downward momentum may be losing strength, and the asset could be approaching a stabilization phase.

The TD Sequential has now reached a nine-count, a level often associated with a potential price reversal [1]. This development has drawn attention from traders monitoring XRP’s short-term outlook. The current price of XRP is near $2.86 on Binance’s perpetual contract, a level that has emerged after a string of bearish candlesticks. The nine-count buy setup appears at the lower end of recent price action, reinforcing the idea that the selling pressure may be subsiding [1].

The transition from a bearish to a bullish signal has been viewed by analysts as a potential turning point for XRP. The TD Sequential indicator first aligned with a prior peak before the recent decline, and its current crossover to a buy signal is being interpreted as a sign of possible short-term relief [1]. Traders are now scrutinizing whether the asset can hold its position at current levels and whether this technical signal will lead to a broader stabilization of XRP.

Despite the bullish shift in the technical metric, the broader context remains mixed. XRP has been subject to significant volatility in the recent market cycle, with the previous downward momentum now intersecting with a technical indicator that has turned bullish [1]. Analysts emphasize that technical reversals can influence the short-term positioning of highly traded assets like XRP, making them a focal point for traders seeking to capitalize on market shifts.

The chart also reveals that XRP has been testing key resistance levels, currently hovering near $2.95, with support at risk below $2.81 [2]. This pattern suggests a consolidation phase is underway, with both buyers and sellers vying for control of the market. Analysts have noted a potential divergence forming in the XRP chart, which could indicate a shift in the balance of power [6]. A divergence between price and other indicators can often precede a reversal, especially if key resistance levels are repeatedly failed.

While the technical signals are positive, the broader market environment remains uncertain. Bitcoin has shown signs of a potential death cross, with its 23-day moving average approaching the 50-day line [3]. If confirmed, this could signal a bearish shift for the entire crypto market, with XRP likely to follow the trend until it finds a new equilibrium [3].

At the same time, XRP’s future is also linked to its real-world usage and adoption. Reports have highlighted a growing disconnect between its market capitalization and network utilization [5]. Analysts have speculated that broader adoption of Ripple’s payment solutions could be a key driver for XRP’s long-term value [8]. However, such adoption has yet to gain large-scale traction.

As the market continues to monitor XRP’s price action, traders are closely watching for confirmation of a bullish breakout or a resumption of bearish pressure. For now, the coin remains in a critical phase, with its next move likely to depend on whether buyers can push it above $2.95 or if sellers manage to pull it back below $2.81 [2]. Until then, the path of least resistance remains unclear.

Sources:

[1] Key XRP Metrics Flips to Bullish – Here’s What the Chart Shows (https://coinmarketcap.com/community/articles/68a83f9a54e7713cca68a0a9/)

[2] XRP Price Flashes Warning Signs As A Bearish Setup Forms (https://beincrypto.com/xrp-price-bearish-pattern-builds/)

[3] XRP Hit With 101445% Liquidation Imbalance First Time Ever... (https://u.today/xrp-hit-with-101445-liquidation-imbalance-first-time-ever-rare-death-cross-threatens-bitcoin-shib)

[5] Solana Breaks $204, XRP Faces Usage Concerns (https://coinstats.app/news/fbec168fdd4dd051846f1d5bb2449e1616aeb1d82b741d16fc1cc3e1c0156dad_Solana-Breaks-$204,-XRP-Faces-Usage-Concerns,-While-Cold-Wallet%E2%80%99s-$63M-Presale-Proves-Real-World-Utility/)

[6] XRP Paints Critical Divergence, Dogecoin (DOGE) - Solana (https://u.today/xrp-paints-critical-divergence-dogecoin-doge-last-chance-explosive-solana-sol-rally-now)

[8] 1 Top Cryptocurrency That Can Overtake Ethereum by... (https://www.aol.com/1-top-cryptocurrency-overtake-ethereum-090000823.html)