TL:DR;
- XRP was hit hard during the market-wide correction in late December but has gained a lot of traction since the start of the new year.
- A popular indicator now flashed green, suggesting a potential buy signal for Ripple’s cross-border token.
The TD Sequential, a widely used tool for identifying market exhaustion in either direction, as per crypto analyst Ali Martinez (with over 100,000 followers on X), has recently shown a ‘buy indication’ for Ripple (XRP) on the 4-hour chart.
The TD Sequential presents a buy signal on the $XRP 4-hour chart, anticipating a price rebound!
— Ali (@ali_charts) January 5, 2025
Earlier, the same expert predicted a potential decline in XRP’s value towards $2, possibly leading to another significant surge that might elevate its price up to $11.
Although the suggested price goal appears quite distant at this moment, the TD Sequential has previously presented several viable purchasing chances within the recent weeks.
Despite the broader market downturn in late December, Bitcoin showed a green signal as its price fell below $95,000. Even though the leading cryptocurrency experienced a significant drop a week later, it recovered and is now trading above $99,000, representing a 4.5% growth since then.
The significant surge in DOGE‘s value is even more impressive given its history. On December 24th, when the asset’s price plummeted to $0.312, it gave a ‘buy signal’. Since then, this original meme coin has experienced a rise of over 22% and currently stands above $0.38.
In simpler terms, after reaching $0.000023 on December 24, Shiba Inu (SHIB) was predicted to have a small increase of about 3.8%, and it has only seen a minor gain since then, currently hovering around $0.000024.
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2025-01-06 11:08