Is it Time to Buy XRP? This Indicator Says Yes

TL:DR;

• XRP was hit hard during the market-wide correction in late December but has gained a lot of traction since the start of the new year.
• A popular indicator now flashed green, suggesting a potential buy signal for Ripple’s cross-border token.

The indicator in question is the TD Sequential, which is a popular tool used to determine the market exhaustion in either direction. According to Ali Martinez, a crypto analyst with over 100,000 followers on X, it has now presented a ‘buy signal’ for XRP on the 4-hour chart.

The TD Sequential presents a buy signal on the $XRP 4-hour chart, anticipating a price rebound! pic.twitter.com/QitMbED2DA

— Ali (@ali_charts) January 5, 2025

Previously, the same analyst warned that XRP could drop toward $2, which might be followed by another impressive rally that could propel the asset to as high as $11.

While that eventual price target sounds a bit far-fetched now, the TD Sequential has already showcased several proper buying opportunities in the past few weeks.

During the late December broader market crash, it flashed green for BTC when its price struggled below $95,000. Although the largest cryptocurrency dipped hard a week later, it ultimately bounced off and now sits above $99,000, marking a 4.5% increase since then.

Its success is even more profound for DOGE. It presented a ‘buy signal’ on December 24, when the asset’s price dumped to $0.312. Since then, the OG meme coin has skyrocketed by more than 22% and now sits above $0.38.

It has been more modest when predicting future gains for SHIB. It flashed again on December 24 when the second-largest meme coin traded at $0.000023, but it has forecasted only a minor 3.8% increase since then, with SHIB now standing close to $0.000024.