$XRP: Correction Complete? Why the TD Sequential 'BUY' Signal at Critical Support Levels Is the Only Chart You Need Right Now!
Fellow Degens & Traders, Let’s talk $XRP.
The recent crypto-wide flash crash was brutal, dragging $XRP down from its highs and testing market conviction. We’ve seen the price dip as low as $1.91, wiping out weeks of gains in hours. The noise is deafening, but the chart is whispering.
Is this the final phase of the correction? Here's the data:
The Critical Zone: XRP broke below the psychological $2.00 level, bringing the $1.91-$1.77 major support band into play. A sustained close below $1.77 is a red flag, but so far, buyers are defending the lower territory.
The Bullish Divergence: Prominent analysts are pointing to a TD Sequential Buy Signal flashing on the daily chart for $XRP. Historically, the last two times this signal appeared, it triggered sharp rebounds of 14% and 18%. This strongly suggests we are reaching an exhaustion point for sellers.
Institutional Backstop: The price action is noisy, but institutional demand is not. The launch of Spot XRP ETFs (like XRPC) is injecting massive institutional liquidity, with some ETFs setting records for first-day volume. These consistent inflows act as a long-term stabilizing force, ready to absorb supply and help $XRP
build a stronger foundation above $2.00.
My Take: The risk/reward for tactical longs in this zone is compelling, especially with the convergence of technical buy signals and fundamental institutional support. Pay close attention to $BTC stabilization—XRP's short-term direction will depend heavily on the overall market risk appetite.
What's your move? Accumulate in the $1.90s, or are you expecting a retest of $1.77? Drop your charts!