Ripple\u2019s cross-border token has fallen roughly 15% over the past month and is currently trading around $1.30 (per CoinGecko).<\/p>\n
Nonetheless, the emergence of one key signal suggests that a major rebound could be just around the corner.<\/p>\n
Popular analyst Ali Martinez\u00a0said<\/a> XRP\u2019s TD Sequential indicator flashed a buy signal on the three-day chart, noting that the last three similar setups triggered price pumps of 31%, 24%, and 18%. At the same time, he argued that the bullish scenario depends on the important level of $1.25.<\/p>\n \u201cHold it, and XRP could rebound toward $1.40. Lose it while whales continue taking profits, and $0.98 could be next,\u201d he said.<\/p>\n Martinez\u2019s warning follows a previous post highlighting concerning factors that suggest a deeper pullback beyond the $1 psychological mark may be on the way.<\/p>\n First, he said<\/a> some of the largest whales on the XRP Ledger appear to have been reducing their exposure. Second, the amount of XRP held on exchanges has risen, increasing immediate selling pressure.<\/p>\n \u201cThe technical level I\u2019m watching is $1.26, the lower boundary of a channel XRP has been forming since August. A break below that support could first send XRP toward $1.11. The channel pattern ultimately points to $0.98, about 22% below $1.26,\u201d he stated at the time.<\/p>\n Earlier this week, Ripple unveiled<\/a> a major expansion on its Treasury platform, allowing eligible businesses to manage liquidity, settlements, and cash positions while potentially earning returns on assets such as the stablecoin RLUSD.<\/p>\n The company also secured<\/a> final approval from the US Office of the Comptroller of the Currency (OCC) for Ripple National Trust Bank: an entity designed to manage the reserves supporting RLUSD and to act as collateral trustee for the cryptocurrency\u2019s holders.<\/p>\n X user Aman said<\/a> XRP hasn\u2019t pumped as expected but thinks a price explosion toward $2 is \u201ccoming very soon.\u201d Renewed institutional interest in the asset may help an eventual recovery. Last week, spot XRP ETFs returned<\/a> to green territory, registering a net inflow of about $4.25 million.<\/p>\n However, demand from such investors will need to increase further to spark a meaningful reversal, while the start of the new week brought another red candle that does little to support a bullish outlook.<\/p>\n The post Ripple (XRP) Flashes a Buy Signal: Big Jump Ahead or False Hope?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s cross-border token has fallen roughly 15% over the past month and is currently trading around $1.30 (per CoinGecko). Nonetheless, the emergence of one key signal suggests that a major rebound could be just around the corner. Is This What Holders Waited for? Popular analyst Ali Martinez\u00a0said XRP\u2019s TD Sequential indicator flashed a buy signal […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-244381","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/244381"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=244381"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/244381\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=244381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=244381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=244381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Good News Failed to Move the Price<\/h2>\n