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.

XRP TD Sequential

Chainlink (LINK) has also experienced a similar TD Sequential setup, suggesting it may soon see bullish price action.

Chainlink TD Sequential

XRP Price

XRP is currently priced around $2.45, marking an increase of over 9% in the past week.

XRP Price Chart