XRP Flashes Bullish Signal: Analyst Flags Possible Turnaround
The price of the underlying asset is still disappointing despite the encouraging developments around Ripple and the robust inflows into the expanding number of XRP ETFs in the US. In this regard, it hasn’t made a significant comeback yet. However, well-known cryptocurrency analyst Ali Martinez now claimed that XRP has at last shown signs of optimism. His research indicates that a purchase signal has been displayed by the TD Sequential. But only if XRP stays above $1.90, which has been noted as a critical level in predicting the asset’s future movement.
XRP Bulls Gain Momentum Above Key $1.90 Level
If XRP is able to stay above the $1.90 mark, technical momentum may start to shift in the bulls’ favor. The analyst notes that a persistent rise over this level would raise the likelihood of a push in the direction of the $2.50 zone. But there are challenges along the way. Between $2.10 and $2.25, there are a number of strong resistance points that could lead to short-term pullbacks and profit-taking. Because of this, volume confirmation is crucial in any breakout situation.
XRP May See Sharp Retracement if Support Fails
On the downside, sentiment might swiftly return to caution if the $1.90–$2.00 support level is not defended. With downside targets that stretch well below current levels, the market watcher cautions that a clear breakdown might pave the way for deeper retracements. Therefore, rather than being solely determined by broader ETF inflows or fundamental events, XRP’s near-term direction is likely to be determined by how the price performs around these crucial technical levels.
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