TL:DR;

• XRP ($2.19) 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 ($87,685.00) 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 ($0.15). 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 ($0.00). 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.

The post Is it Time to Buy XRP? This Indicator Says Yes appeared first on CryptoPotato.