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XRP Flashes TD Buy Signal Amid Potential Price Rebound
An analyst has identified a potential rebound for XRP using the Tom Demark (TD) Sequential indicator, which has flashed a buy signal.
TD Sequential Buy Signal for XRP
- The TD Sequential is a technical analysis tool used to identify possible price reversals.
- It involves two phases: setup (nine candles of the same color) and countdown (thirteen candles).
- A recent setup appeared on XRP's 4-hour chart, indicating a potential upward reversal after a price drawdown.
- XRP has already shown a bounce since this signal appeared, hinting at a bullish trend.
Chainlink (LINK) has also experienced a similar TD Sequential setup, suggesting it may soon see bullish price action.
XRP Price
XRP is currently priced around $2.45, marking an increase of over 9% in the past week.
