XRP has triggered a TD Sequential buy signal on its 4-hour chart following a recent 4% price pullback. Analyst Ali Martinez highlighted the signal, which suggests a potential bullish reversal for the cryptocurrency. The TD Sequential, a technical analysis tool, indicates trend reversals by counting candle patterns. With the recent red candle setup, the signal implies that XRP may rebound soon.
Martinez noted the indicator's recent accuracy, pointing out that the $1.45 high earlier this week coincided with a sell signal. He anticipates a move back towards the $1.45 resistance, with a secondary target of $1.80. Currently, XRP is trading at $1.39, down 1.5% in the past 24 hours.
XRP Receives TD Sequential Buy Signal After 4% Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
