Rippleā€™s $XRP has faced its share of volatility, especially during the market-wide correction in late December. However, the new year has brought renewed momentum, and a popular technical indicator is now flashing green for XRP, suggesting it might be time to consider buying the cross-border token.

šŸ” The Indicator: TD Sequential

The TD Sequential is a widely-used tool among traders, helping to identify market exhaustion in either direction. Its buy signal often indicates that a price rebound is imminent, and according to crypto analyst Ali Martinez, this signal has just appeared for XRP on the 4-hour chart.

> ā€œThe TD Sequential presents a buy signal on the $XRP 4-hour chart, anticipating a price rebound!ā€

ā€“ Ali Martinez

šŸ“Š Why the TD Sequential Matters

This indicator has proven reliable in recent weeks:

1. Bitcoin ($BTC )

December Buy Signal: Flashed green when BTC was below $95,000 during the December crash.

Outcome: BTC dipped shortly after but ultimately rebounded above $99,000ā€”a 4.5% increase.

2. Dogecoin (DOGE)

December Buy Signal: Triggered when DOGE dropped to $0.312.

Outcome: DOGE skyrocketed by over 22%, now sitting above $0.38.

3. Shiba Inu (SHIB)

December Buy Signal: Appeared when SHIB traded at $0.000023.

Outcome: Forecasted a modest 3.8% increase, with SHIB now trading near $0.000024.

For XRP, the TD Sequential buy signal could mark the beginning of a significant rebound.

šŸ’” Price Predictions and Potential Targets

Crypto analyst Ali Martinez previously suggested that:

XRP could drop toward $2 before rallying to as high as $11.

While $11 may seem far-fetched for now, the TD Sequentialā€™s track record indicates a potential short-term price rebound.

āš” Why XRP Could Be a Buy Right Now

1. Technical Support:

The TD Sequential buy signal historically aligns with strong bounce-back opportunities.

2. Market Recovery:

The broader crypto market, led by BTC, is showing signs of recovery, which could spill over into XRP.

3. XRP Momentum:

With its use case in cross-border payments and renewed institutional interest, XRP remains a strong long-term contender.

šŸ“ˆ Next Steps for Traders

Monitor the Charts: Keep an eye on the 4-hour chart and any validation of the TD Sequential signal.

Set Targets: If youā€™re considering buying, short-term targets could include $2.50ā€“$3.

Manage Risk: Use stop-loss orders to protect against potential downside.

šŸ›”ļø Conclusion

The TD Sequential buy signal for XRP suggests that now might be a good time to consider entering a position. While caution is always advised in volatile markets, this indicator has proven its reliability across several assets recently.

šŸ’¬ Whatā€™s your take? Are you planning to buy XRP or waiting for further confirmation? Share your thoughts below!

#XRP #CryptoTrading #TechnicalAnalysis #TDSequential #CryptoMarket