👉👉👉XRP and ADA ready for growth? A well-known analyst makes forecasts for the coming weeks👈👈👈
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XRP (XRP) and Cardano (ADA) investors may be preparing for a potential price rebound. Despite recent downturns, well-known cryptocurrency analyst – Ali Martinez – predicts that both of these digital assets may soon start to rise due to a signal from the TD Sequential indicator.
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Buy signals for XRP and ADA
Ali Martinez, a popular cryptocurrency analyst, pointed out the TD Sequential indicator, which is used to identify trend exhaustion points in the market.
In the case of Ripple (XRP), a buy signal was recorded on the 4-hour chart, suggesting the possibility of a short-term rebound.
It is worth recalling that XRP recently recorded a dynamic rise after the announcement of a resolution to the Ripple Labs conflict with the U.S. Securities and Exchange Commission (SEC).
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The token's price rose from $2.3 to $2.6 in just an hour. Unfortunately, this momentum was not sustained, and the price fell below $2.4. Nevertheless, the buy signal gives investors hope for further increases in the near future.
A similar buy signal also appeared for Cardano (ADA), also on the 4-hour chart. In recent weeks, ADA has recorded a decline of over 10% in value, and is currently struggling to maintain above the $0.7 level.
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