The XRP price pumped around 11% in the last couple of days and is now trading at $2.69.
This is still below current bull run peak for Ripple’s token, set around $3.30 in January. That being said, Ali Martinez, a crypto veteran with over 120k followers on X, just posted a viral XRP chart with a worrying sign for holders.
Signs Point to a Possible XRP Pullback
Before diving into the analysis, it’s worth explaining the TD Sequential indicator. Created by market analyst Tom DeMark, this technical tool helps traders spot potential market reversals. When it shows a “9” signal, it usually means the current trend might be running out of steam and could reverse soon. Many crypto traders rely on this indicator because it has a decent track record of predicting price turns.
Looking at Ali’s XRP’s 3-hour chart, we’re seeing some red flags. The TD Sequential just flashed a “9” sell signal, suggesting the recent upward move might be getting tired. While XRP has been on a nice run lately, jumping 11%, the latest price action isn’t looking as strong as before.
$XRP could be gearing up for a pullback, as the TD Sequential indicator flashes a sell signal on the 3-hour chart after the recent 11% rebound! pic.twitter.com/k8SetFIQ8F
— Ali (@ali_charts) February 20, 2025
The XRP price is currently bouncing around between $2.75 and $2.80, and it seems to be having a hard time pushing higher. Recent candlesticks are getting smaller too, which often happens right before a price drops.
Important XRP Price Levels to Keep an Eye On
If you’re watching XRP, pay attention to the $2.65-$2.70 range. This is where buyers might step in if the price starts falling. But if it drops below this zone, we could see an even bigger dip.
For XRP to keep climbing, it needs to stay above $2.70 and eventually break past $2.80. This would show that buyers are still in control. However, with the current TD Sequential sell signal and weakening price action, a short-term drop seems more likely.
The way traders are acting right now suggests some of them are cashing in their profits. When you combine this with the technical signals we’re seeing, it looks like XRP might need to take a breather before making its next big move.
Read also: Can XRP Price Still Reach $10 This Bull Run? These Undervalued Cryptos Could Outperform Ripple’s Token
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