XRP could be ready for a comeback. After weeks of weak trading and price drops, the coin is now showing a strong buy signal that might kick off a move toward the $2.5 mark.
Crypto analyst Ali Martinez shared on X (formerly Twitter) that the TD Sequential indicator on XRP’s daily chart has turned bullish. This popular trading tool helps spot when an asset is about to change direction. According to Martinez, XRP may soon start a new upward trend after its recent correction.
Signs of a Possible Rebound
The TD Sequential indicator works by counting a series of candles to find when a coin is overbought or oversold. When there’s a completed nine-count in a downtrend, it often means that selling pressure is slowing down and a price rebound could follow.
Right now, XRP has formed a “2” candle on the TD Sequential, which often shows early signs of bullish momentum. Traders are watching for a clear move above $2.35, which could confirm the setup and push prices to retest the $2.50 level — a key resistance point that used to be support.
If the signal fails, XRP could drop toward the $2.10–$2.00 zone, where buyers might step in again.
Ripple’s Strong Fundamentals Help Confidence
Even though recent whale selling has slowed XRP’s rise, the project’s fundamentals remain strong. Ripple, the company behind XRP, recently raised $500 million in a funding round led by Fortress Investment Group, Citadel Securities, Pantera Capital, and Galaxy Digital, valuing the company at $40 billion.
After this news, XRP’s price jumped about 5.7% before cooling off again due to weak overall market conditions. Ripple President Monica Long said the new funding shows the company’s steady growth and focus on expanding blockchain-based financial services. She also said Ripple has no immediate plans for an IPO, as it remains financially strong and privately owned.
XRP Price Outlook
At the time of writing, XRP trades at $2.28, down 1.7% in the past 24 hours and over 10% in the past week. It’s still below both the 50-day SMA ($2.64) and 200-day SMA ($2.65), showing short-term bearish pressure.
The 14-day RSI at 42.26 indicates neutral momentum, meaning XRP isn’t overbought or oversold. Traders are watching closely to see if this new buy signal can push XRP back toward that key $2.5 target.
*Image source: Shutterstock
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