Is it time to buy XRP? This indicator says yes

TL:DR;

XRP was hit hard during the market-wide correction at the end of December, but has gained momentum since the start of the new year. A popular indicator was now flashing green, suggesting a possible buy signal for Ripple’s cross-border token.

The indicator in question is the TD Sequential, which is a popular tool used to determine market exhaustion in any direction. According to Ali Martinez, a crypto analyst with over 100,000 followers on X, he has now presented a “buy signal” for XRP on the 4-hour chart.

The TD Sequential presents a buy signal at $XRP 4-hour chart, anticipating a price rally! pic.twitter.com/QitMbED2DA

— Ali (@ali_charts) January 5, 2025

Earlier, the same analyst warned that XRP could drop towards $2, which could be followed by another impressive rally that could propel the asset to $11.

While that eventual price target seems a little over the top now, the TD Sequential has already shown several decent buying opportunities in recent weeks.

During the broader market decline in late December, it was green for BTC as its price struggled below $95,000. Although the largest cryptocurrency fell sharply a week later, it eventually bounced back and now sits above $99,000, a 4.5% gain since then.

His success runs even deeper for DOGE. He submitted a “buy signal” on December 24, when the price of the asset fell to $0.312. Since then, the OG meme coin has soared over 22% and now sits above $0.38.

He has been more modest in predicting future earnings for SHIB. It resurfaced on December 24th when the second largest meme coin traded at $0.000023, but has only predicted a minor increase of 3.8% since then, with SHIB near 0.000024 dollars

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