- TD Sequential gave a “sell” signal near the recent XRP top above $3.30 earlier this month.
- A fresh “buy” signal appears as XRP trades near $2.86 with strong selling seen in recent sessions.
- Market cap drops $14.5B in a week, but XRP finds support as indicators show signs of buyer defense.
After a steep correction from recent highs, XRP flashes its first bullish signal in weeks. The TD Sequential, known for its accuracy, flips green — fueling hopes of a potential price comeback.
TD Sequential Turns Bullish After Extended Drop
XRP’s daily chart on Binance shows clear selling pressure since the red arrow “sell” signal on August 10. The price peaked above $3.30, then dropped steadily over the next two weeks. From August 11 to 19, XRP printed lower highs and lower lows, confirming a strong bearish trend. On August 19, the candle closed near $2.76—its lowest in recent weeks.
On August 22, the TD Sequential indicator printed a “9” buy signal inside a gray circle with an upward arrow. This signal came after nine consecutive red candles, often marking trend exhaustion. XRP traded at $2.8629 at that point, posting a small 0.44% gain.
This marked the first major bullish signal since the top. The red arrow seen on August 10 accurately flagged the market’s reversal. According to analyst Ali Martinez on X, this new buy signal could indicate a possible relief rally or reversal phase.As at press XRP is trading at 2.87 printing a 1.3% drop in 24 hours.
Price Finds Support Amid Broader Market Decline
While XRP showed weakness, market-wide data from August 15 to 22 revealed broader decline. Market capitalization fell from $183.50B to $169.00B, shedding around $14.5B. Price charts show lower highs and lower lows across major crypto assets.
Meanwhile, XRP’s 4-hour chart confirms the downtrend since its August 11 peak near $3.50. A descending structure formed, with the MACD flattening at -0.0473, reflecting indecision. The RSI hovers around 40.64, staying below 50 since August 10. These levels reflect weak momentum, though recent candles show possible support forming around the $2.80 mark.
Eyes on Recovery as Analysts See Higher Targets
Despite bearish sentiment, some analysts foresee a bullish reversal. A separate chart shows a potential breakout projection for XRP, targeting $10 into 2026. That projection stems from the higher-low formation post retracement and the defense of key support levels seen in April and May.
As of now, XRP holds above crucial support, while the TD Sequential “buy” signal may attract short-term traders. Whether momentum strengthens or fails will become clearer in the next few sessions.
