XRP News Today: XRP Traders Weigh Sell Signals Amid 5 Gain But 10 Weekly Decline

Late August has intensified the debate around XRP as traders weigh conflicting signals from technical indicators and price movements. Crypto analyst Ali Martinez identified a sell signal using the TD Sequential indicator on a three-day chart, suggesting potential trend exhaustion near $3.60. This came as XRP briefly climbed above $3.60 before retreating below $3, marking a pullback that has continued with prices now hovering near a critical short-term support level [1].

On-chain data reveals historical accumulation at around $2.80, which may offer a temporary buffer. However, meaningful support is anticipated closer to $2.48, with Martinez identifying $2.40 as a key threshold. A breakdown below that level could lead to further declines, potentially pushing XRP toward the $2.00 zone [1]. At the time of reporting, XRP traded at $2.92, showing a 5% gain in the past 24 hours but a 10% decline over the week [2].

Technical analysis paints a mixed picture. While the 50-day simple moving average (SMA) sits at $2.65, indicating that XRP remains above its short-term trend, the 200-day SMA at $1.875269 suggests a longer-term upward movement. Some analysts argue that consistent on-chain volume spikes could signal a broader bullish reversal if supported by key technical levels [3]. However, others caution that XRP may remain in a local bear market until broader crypto conditions stabilize [4].

The debate among market participants is also shaped by differing investment horizons. Some traders emphasize short-term signals such as the stochastic RSI and TD Sequential, while others prioritize structural factors like long-term adoption and market sentiment. X Finance Bull, for example, noted that while momentum may appear stretched, structural support and resistance levels are more central to their strategy [1]. Similarly, MJS highlighted the importance of aligning signals with long-term investment theses, particularly for those who see XRP’s role in future financial systems [1].

As XRP consolidates its position, traders are advised to consider multiple timeframes and remain aware of the risks inherent to digital asset markets. The next critical test will be whether the token can maintain key support levels to signal a potential reversal or continue its downward trajectory in a broader correction [4].

Sources:

[1] Ali Martinez, XRP flashes major 'sell signal' as temporary price buffer is identified, Finbold (https://finbold.com/xrp-flashes-major-sell-signal-as-temporary-price-buffer-is-identified/)

[3] XRP Moves to Regain Bullish Momentum as Key Levels Come Into Focus, Brave New Coin (https://bravenewcoin.com/insights/xrp-price-today-xrp-moves-to-regain-bullish-momentum-as-key-levels-come-into-focus)

[4] XRP Price Prediction: XRP Begins August With a Dip, but Divergence Signals a Surprise Upside, Brave New Coin (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-begins-august-with-a-dip-but-divergence-signals-a-surprise-upside)