XRP Holds Steady Amid Trade War Easing, but Technicals Suggest Potential Correction Ahead

XRP Holds Steady Amid Trade War Easing, but Technicals Suggest Potential Correction Ahead

Just a month ago, the cryptocurrency market faced a sharp downturn, largely attributed to heightened global trade tensions—particularly between the United States and much of the rest of the world. Fast-forward to today, and the geopolitical landscape has begun to stabilize, with reports indicating that the US and China are preparing to reopen talks on unresolved tariff issues.

In response, the crypto market has shown signs of recovery. XRP, which had dipped to $1.60 during the turmoil, has since climbed back above $2.10. Yet, according to renowned crypto analyst Ali Martinez, caution may be warranted. Utilizing the TD Sequential indicator on the 3-day chart—a tool often used to identify trend exhaustion—Martinez has flagged a sell signal, suggesting a potential near-term correction.

Despite briefly falling below the $2 threshold last month, XRP has largely maintained its position above that psychologically significant level. While some market watchers consider this price range a bargain, Martinez has frequently stressed the importance of $2 holding as a support level. A failure to sustain above it could turn this line into a formidable resistance point, hindering further upward momentum.

In a separate analysis shared with his 135,000 followers on X (formerly Twitter), Martinez identified $2.26 as the upper boundary of XRP’s current trading range. With the asset trading around $2.14 at press time, XRP sits in a precarious middle zone. Martinez noted that a more definitive direction will likely emerge once XRP breaks out of this range—either with a strong close below $2 or a decisive move above $2.26.