dailyhodl.com
A closely followed crypto strategist says that $XRP looks primed for a rally as it flashes a couple of bullish signals.
Analyst Ali Martinez says on the social media platform X that the Tom DeMark (TD) Sequential indicator is giving off a bullish reading for $XRP.
The TD Sequential indicator aims to identify turning points in a market with a value of nine signaling a possible trend reversal.
Says Martinez,
“The TD Sequential shows a buy signal on the $XRP four-hour chart, which could trigger a rebound to $0.63 or even $0.67!”
Martinez is also keeping an eye on the activities of $XRP whales. According to the analyst, $XRP whales have come back to life and are accumulating the altcoin under the radar.
“Despite $XRP’s 18% price drop over the past 10 days, there’s a notable uptick in whale transactions and their holdings. This growing interest from major players could be a precursor to an $XRP price rebound.”
At time of writing, $XRP is trading at $0.60.
Looking at the peer-to-peer payments network Litecoin ($LTC), Martinez says the crypto project registered a new record high in terms of transaction count.
“Litecoin registered one million $LTC transactions on November 14 alone, marking a new all-time high.”
At time of writing, $LTC is worth $69.06.