Quick Read – Ali Martinez flagged a rare monthly TD Sequential buy signal, projecting XRP could rally between 15 and 20% to reach $1.35 if it clears $1.13. – The MACD and RSI indicators also back the setup.
MACD has also turned to a buy and RSI has recovered to a neutral 53, both showing the heavy selling has cooled. – XRP’s 20% move depends on the price breaking above $1.13 and clearing a supply wall at $1.18 to $1.22. – The CLARITY Act permanently classifying XRP as a digital commodity could unlock institutional buying that could propel the price to much higher levels. – XRP (CRYPTO:XRP) has put together a strong few days, climbing back toward $1.13 this week just as a closely watched signal flashed on its monthly chart
Analyst Ali Martinez on X flagged it as a TD Sequential buy signal, which has put XRP back in the spotlight. Martinez highlights that if the XRP price manages to break above $1.13, it could rally toward $1.30 or even $1.35, which is a 15% to 20% move from where XRP trades right now. And that is a lot to pin on a single signal.
Could XRP pull off a 20% move and reclaim $1.30—the floor it defended for the first half of the year before breaking down in June? XRP’s TD Sequential Buy Signal After a long decline that pulled XRP down from its $3.65 peak, a signal called the TD Sequential just completed on its monthly chart, and it points to the year-long downtrend running out of steam. The TD Sequential is a tool built by trader Tom DeMark to spot when a trend is losing momentum.