- XRP’s weekly chart indicated seller exhaustion, suggesting a subsequent upswing.
- The RSI and AO readings on the 4-hour timeframe showed bearish momentum.
- A trendline breakout above $0.57 could drive XRP toward $0.65.
According to analyst Ali Martinez, Ripple (XRP) could be on its way to $0.63 or rise higher to $0.65. Martinez mentioned this in a post on X. However, his opinion was not without reason. From the post he shared, the analyst pointed out that the observation from the Tom DeMark (TD) Sequential was responsible for his stance.
Despite the optimistic forecast, Martinez noted that there was a condition attached to it. According to him, XRP needs to close above $0.57 to validate the prediction.
The TD Sequential indicator has issued a buy signal on the $XRP weekly chart, indicating potential bullish momentum. If #XRP manages a sustained weekly close above $0.57, it could be the catalyst for a push toward $0.63 or even higher, reaching $0.65. pic.twitter.com/D35ogC4jIW— Ali (@ali_charts) February 25, 2024
Buyers Aim to Stop the Sell-Offs
For the unfamiliar, the TD Sequential looks for a complete 6 to 9-count price bar to determine bullish o…
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