XRP flashes major buy signal; Imminent rebound?

XRP Poised for Potential Rebound as TD Sequential Flashes Buy Signal

XRP may be on the verge of a potential rebound after a key technical indicator flashed a buy signal on the four-hour chart, according to market analyst Ali Martinez. In an X post on November 15, Martinez highlighted the TD Sequential indicator—a widely used tool for identifying trend exhaustion and potential reversal points.

The TD Sequential printed a “1” buy setup, typically appearing after a sequence of downward candles. This formation suggests fading bearish momentum and the early stages of a potential bullish reversal. Notably, XRP has been under sustained selling pressure, marked by large black candles, smaller-bodied candles, and indecisive price movement. This weakening of downward strength culminated in the TD Sequential’s buy signal, indicating seller exhaustion.

If confirmed, the TD Sequential “1” could pave the way for a potential rebound, with bulls anticipating an early reversal from current levels. However, traders typically wait for further confirmation—often requiring a “2” candle to close above the “1”—to validate sustained upward momentum.

Growing Institutional Interest: XRP ETF Impact

This technical outlook coincides with rising institutional interest in XRP, underscored by the recent debut of the first U.S. spot XRP ETF. Canary Capital’s spot XRP ETF made a historic launch on November 13, recording $58.6 million in first-day trading volume, far surpassing the $17 million analysts had projected. Within the first 30 minutes, the ETF saw $26 million in trades, with a total of $245 million worth of XRP purchased on day one.

XRP Price Analysis

Despite this surge in institutional interest, XRP’s price remains under pressure due to broader cryptocurrency market sentiment. At press time, XRP was trading at $2.26, down more than 2% in the past 24 hours.

On the weekly timeframe, XRP’s 14-day Relative Strength Index (RSI) stands at 42.4, signaling neutral momentum—neither overbought (above 70) nor oversold (below 30). This reading suggests limited immediate directional pressure and potential for sideways consolidation unless external catalysts emerge.

The 50-day Simple Moving Average (SMA) at $2.58 currently lies above the price, indicating short-term resistance and a mild downward bias. Meanwhile, the 200-day SMA at $2.65 further reinforces longer-term overhead pressure. As a result, XRP is positioned below both key trendlines, maintaining a cautious, range-bound posture.

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*This article was adapted from original reporting by Finbold.*
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