In February, $XRP tried to break out after the early-month calamity but was stopped at $1.65. A month later, the bears stepped up even before that when the asset challenged $1.60. During the following couple of months, the cross-border token’s attempts were exhausted long before those levels, at $1.50 in April and $1.47 in May.
On the positive side, all of these rejections were met by fresh buying power at around $1.30, which became $XRP’s most important support since then. Now, another buying signal has flashed, and the question is whether this time will finally be any different for the token or if it will be more of the same.
$XRP Buy Signal
Ali Martinez, who frequently touches upon the TD Sequential metric, noted that the indicator has flashed a buy signal on $XRP’s 4-hour chart. The metric is used to determine the exhaustion of price moves in either direction for the underlying asset. Although it doesn’t have a 100% success rate, it’s generally very reliable when it comes to $XRP in particular, as the analyst noted.
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