The post XRP flashes major buy signal; Imminent rebound? appeared com. 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, the analysis highlighted the TD Sequential indicator, a widely used tool for identifying trend exhaustion and potential reversal points. Specifically, the indicator printed a “1” buy setup, which typically appears after a sequence of downward candles. This formation suggests fading bearish momentum and the early stages of a potential bullish reversal. XRP price analysis chart. This loss of downward strength culminated in the TD Sequential’s buy signal. The structure also suggests that sellers may be exhausted If confirmed, the TD Sequential “1” could pave the way for a potential rebound, with bulls hoping for an early reversal from current levels. However, traders typically wait for further confirmation, often a “2” candle closing above the “1”, to validate sustained upward momentum. XRP ETF impact This outlook comes amid XRP’s growing institutional interest, highlighted by the debut of the first U. S. spot XRP ETF. In this case, Canary Capital’s spot XRP ETF made a historic debut on November 13, recording $58. 6 million in first-day trading volume, well above the $17 million analysts had projected. In its 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 interest, XRP’s price is still being weighed down by broader cryptocurrency market sentiment. At press time, XRP was trading at $2. 26, down over 2% in the past 24 hours. XRP seven-day price chart.