#XRP has been showing signs of recovery after a turbulent few weeks, but some analysts believe a short-term pullback may be imminent. For context, following the crash on Oct. 10, XRP slipped to $2.18 a week later before climbing back to $2.55. The token pulled back from here, then bounced again to the current price of around $2.63. Even with this steady recovery, XRP still trades about 6% below the $2.80 level it held before the crash. Market analyst Ali Martinez explained that the TD Sequential indicator, which spots price reversals, has just signaled another possible downturn. Martinez noted that this indicator has accurately predicted XRP’s major moves in the past three months, and its latest signal could mean another pullback is around the corner. He pointed out several instances where the indicator nailed XRP’s turning points. Specifically, on July 22, when XRP traded for $3.55, a sell signal emerged before a 24% drop to $2.7 nearly two weeks later. However, XRP recovered after this dip. The same thing happened on Aug. 8, when XRP fell 17% to $2.78 after two weeks, and again on Aug. 23 with a 13% slide to $2.7. On Sept. 15, another sell signal came before a 13% decline to $2.75. It bears mentioning that XRP has always recovered after each drop triggered by the TD Sequential. Meanwhile, the indicator also caught bullish changes, flashing buy signals on Sept. 27 and Oct. 22, which led to gains of 12% to $3.1 and 14% to the recent $2.69 peak, respectively. Now that it has flashed another sell signal, Martinez believes XRP could soon retrace again.
