The analysis of XRP's price shows several important signals, including potential support levels and market trends. One significant indicator is the TD Sequential which signals buying opportunities.
TD Sequential Signals on XRP Chart
Crypto analyst Ali highlighted that the TD Sequential indicator has flashed a buy signal for XRP on the 4-hour chart, hinting at a potential bounce from oversold conditions. This signal comes after a string of red candles that pushed the price toward $2.95 before finding some stability.
Support Level and Glassnode Data
On-chain data from Glassnode points to $2.80 as a crucial support level. According to the cost-basis distribution heatmap, a large cluster of XRP supply was accumulated around this zone, making it a key level for traders to watch. If this area holds, it could serve as the foundation for a recovery rally.
Current Fluctuations and RSI Level
On the daily chart, XRP is trading just above $3.00 with relative strength index (RSI) levels hovering near 52, signaling neutral momentum after last week’s correction. The RSI suggests neither overbought nor oversold conditions, leaving room for either direction depending on broader market sentiment. Over the past few weeks, XRP has oscillated between $2.80 and $3.50, with bulls struggling to maintain momentum.
Traders remain focused on whether the buy signal translates into a meaningful bounce or if XRP retests its key support once more.
