XRP Flashes TD Sequential Sell Signal — Could a Correction be Imminent?
Ripple [XRP] has flashed a new TD Sequential sell signal after maintaining a strong uptrend for weeks, sparking talk of a possible short-term correction.
The indicator, renowned for calling reversals, has just completed its nine-count phase — a pattern that often suggests loss of momentum and is regularly seen ahead of trend reversals. Similar setups in recent months have been followed by a measurable price pullback every time.
Currently, XRP faces resistance at $2.70 while $2.40 is the closest support if selling pressure increases. Although it managed to break through a descending channel, this cryptocurrency retook the level of $2.60, momentum indicators are starting to cool down.
The DMI shows early signs of fatigue since the strength of the bulls has eased and neither trend is dominating at this point. Meanwhile, on-chain data suggests more tokens are flowing to exchanges — a common sign of traders booking profits close to local tops.
Adding to the picture, short positions around the $2.68–$2.70 range were recently liquidated, temporarily boosting price action. However, beyond this level, liquidity is thin, which suggests that XRP’s next breakout attempt may require higher Spot Volume and more forceful buying inflows.
If bulls fail to push above $2.70, the market could see a local correction toward the $2.40 zone, which is a key support area for traders watching the next decisive move.
