- The same analyst who correctly timed XRP’s recent top is now flagging a buy signal on the daily chart.
- The signal appears after XRP dipped below $3.00, a level many consider a key buy zone.
- XRP’s bullish case is supported by positive legal news, ETF filings, and government adoption.
An analyst who successfully timed XRP’s recent top believes the altcoin’s latest decline has positioned it for an ideal bounce.
In his latest post on X, Ali Martinez noted that after correctly calling the local peak, the subsequent price action has now produced a clear buy signal on the daily chart.
Traders expectation for an XRP rally
Martinez’s latest post has boosted the hopes of XRP supporters, many of whom responded positively, expressing their expectations for the cryptocurrency’s price to pump.
One such user compared XRP’s current behavior to that of Bitcoin in its early days. He observed a consistent pattern where the cryptocurrency repeatedly formed higher highs and higher lows in an alternating sequence.
The current price action has seen XRP break below the $3.00 psychological level to a low of $2.8481 before attempting to establish support.
For a more detailed look into the immediate price action, see our XRP (XRP) price prediction for today. While the price has pushed slightly upward to $2.90, the momentum for a full reversal is still building.
Why has XRP predominantly stayed bullish?
Meanwhile, it is crucial to note that XRP has been one of the most bullish cryptocurrencies in 2025. Several recent events surrounding the altcoin have generated positive vibes, boosting its demand among institutional investors and retail buyers.
The latest development in the protracted litigation between Ripple and the SEC has turned out positively for XRP, and the US also included XRP among the tokens listed for its Strategic Crypto Reserve.
Additionally, multiple asset managers have filed for spot XRP ETFs, which would allow institutional investors to invest in the cryptocurrency, amid considerations by banks and financial institutions to adopt the altcoin for payment settlements. To confirm this new uptrend, traders have flocked to read our report on why XRP must close August above $3.3 to confirm a bullish breakout.
Ultimately, these powerful underlying factors provide the “why” for the bullish thesis, while technical indicators, like the one Martinez has flagged, provide traders with the ideal “when” to maximize the opportunity.
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Source: https://coinedition.com/the-same-analyst-who-called-xrps-top-says-its-now-time-to-buy-the-dip/