The price of XRP continues to struggle around the $2 mark, but according to a well-known analyst, there’s cautious hope on the horizon. After recent weakness on the chart, a technical buy signal has now appeared. However, this isn’t a free pass for a quick rally: one price level is decisive.
As we reported earlier today, XRP is under short-term pressure, while large investors are becoming active and removing tokens from exchanges. This combination led to speculation that the market might be trying to form a bottom. Now, technical analysis cautiously aligns with this view.
Important Crypto Indicator Issues Buy Signal #
Crypto analyst Ali Martinez states that the TD Sequential indicator has issued a buy signal on the XRP chart. This indicator is often used to determine whether a downtrend is losing momentum.
According to Martinez, however, the signal is only valid as long as the price remains above $1.90. That level currently serves as a crucial dividing line between a potential recovery and further weakness.
If XRP structurally drops below that boundary, the positive scenario falls apart. In an earlier comment, Martinez even warned that losing important support zones could see a drop toward $1.20.
XRP Target of $2.50, But Not Without Obstacles #
If XRP manages to stay above $1.90, then according to the analyst, a rise toward $2.50 comes into view. That level was last reached just over a month ago, shortly before the launch of the first XRP exchange-traded fund in the United States.
However, a quick breakthrough is not likely. Other analysts point to multiple heavy resistances along the way. Around $2.10, $2.15, and $2.25 lie clear selling zones where previously a lot of supply emerged. Only if XRP convincingly breaks through these levels does the technical picture truly improve.
Striking Contrast #
The technical uncertainty contrasts with fundamental developments. Despite nearly $1 billion in net inflows into multiple XRP exchange-traded funds, new partnerships from Ripple, and increasing interest from large investors, the price continues to lag.
As described earlier, large investors are actually active now that the price remains low. We’re also seeing more XRP disappearing from exchanges, which is often interpreted as a sign of long-term accumulation.
For Now, Caution Remains Advised #
The picture around XRP therefore remains mixed. On one hand, there are signals from major players building positions and a technical buy signal that feeds cautious optimism. On the other hand, the market is still vulnerable and everything depends on maintaining the zone around $1.90.
For investors, this mainly means: stay sharp. The coming days could be decisive for the direction XRP takes.