XRP Indicator That Predicted Reversals Flashes Caution Signal

The TD Sequential, a technical analysis indicator, has recently signaled a potential trend reversal for XRP. Analyst Ali Martinez highlights the accuracy of this tool over the past three months in predicting XRP's price fluctuations.

TD Sequential Signal for XRP

  • The indicator consists of two phases: setup and countdown.
  • The setup involves nine consecutive candles of the same color, indicating trend exhaustion and a possible reversal.
  • A bullish signal arises from nine red candles; a bearish one from green candles.
  • XRP has completed a setup with nine green candles, suggesting a potential downside reversal.

XRP TD Sequential

The indicator has been reliable, aligning well with local tops and bottoms. Recent signals suggest a possible drawdown for XRP.

The TD Sequential has also proven effective for Bitcoin, predicting recent price swings and a sell signal leading to a market retracement.

Bitcoin TD Sequential

XRP Price

Currently, XRP is trading sideways, maintaining a price around $2.62.

XRP Price Chart