Summary
-
XRP’s three-day chart flashes a TD Sequential buy signal, following previous technical setups that delivered significant double-digit rebounds.
-
Historical XRP buy signals produced gains of 31.26%, 24.38%, and 18.65%, strengthening expectations of another potential recovery toward $1.40 resistance.
-
XRP must defend the critical $1.25 support level, as sustained whale profit-taking could trigger further losses toward $0.98.
XRP has registered a potential bullish reversal signal, raising expectations of a price recovery despite persistent selling pressure. Crypto analyst Ali Martinez identified the development on XRP’s three-day chart, highlighting previous rebounds following similar technical formations.
According to Martinez, the TD Sequential indicator has flashed another buy signal, with $1.25 emerging as critical support. Holding this level could push XRP toward $1.40, while sustained whale selling threatens further losses.
Also Read: XRP Whales Reach Highest Supply Holdings Since 2022 as Accumulation Hits 46.87 Billion
XRP’s Historical Buy Signals Point to Potential Price Recovery
Martinez shared a chart highlighting three previous TD Sequential buy signals that preceded significant XRP price recoveries. These formations produced rebounds of 31.26%, 24.38%, and 18.65%, demonstrating the cryptocurrency’s historical response to similar technical conditions.
Significantly, each recovery followed a completed nine-count formation during periods of declining prices, indicating potential exhaustion among sellers. The latest chart displays another nine-count signal, suggesting that XRP could experience renewed buying activity.
Meanwhile, XRP traded near $1.299 on the shared chart, remaining above the critical support level, while the chart also highlighted a separate 71.88% recovery following an August low. Despite these historical performances, the latest signal requires stronger buying momentum to support another meaningful recovery.
XRP Faces Critical $1.25 Support as Whale Selling Threatens Recovery
Martinez identified $1.25 as the decisive support level determining XRP’s next potential price movement. Maintaining this level could strengthen the bullish setup and support a recovery toward $1.40.
A rebound from the chart’s $1.299 reference price toward $1.40 would represent approximately 7.8% upside. Additionally, a recovery directly from $1.25 would deliver a 12% increase. Meanwhile, whale profit-taking remains a significant concern, potentially weakening buying momentum and increasing downward pressure.
Martinez warned that losing $1.25 could expose XRP to a deeper correction toward $0.98. Such a decline would represent approximately 24.6% from the chart’s indicated price. Consequently, XRP’s ability to defend this support remains central to the latest bullish outlook.
XRP’s latest TD Sequential signal suggests recovery potential, supported by previous double-digit rebounds. Nevertheless, holding $1.25 remains essential as whale selling threatens the projected $1.40 target.
Also Read: Ripple Secures Final OCC Approval for US Trust Bank as XRP Holds Near $1.30
