XRP Price Gearing Up For Reversal, TD Sequential Flashes Buy Signal?

XRP price has been steadily declining since March 26, continuing its bearish trend up to the present.

The daily chart depicts lower highs and low lows with continuous sell pressure.

From a high above $2.40, XRP price declined to just above $2.00 by April 2. As of April 5, it is still above $2.

Amid this decline, traders observed the appearance of a TD Sequential buy signal on April 3.

The TD Sequential identifies potential trend exhaustion, and its presence may suggest a possible shift in market direction.

The TD Sequential “9” appeared beneath the latest daily candlestick. This could signal the end of the current downtrend.

Ali Martinez emphasizes that XRP must maintain a position above the $2.00 support level to validate this signal.

The formation of smaller candlesticks in recent sessions, coupled with tighter trading ranges, points to reduced bearish momentum.

Technical Structure Shows Signs of Indecision

The daily XRP price chart shows a technical structure dominated by downward momentum over the last several sessions.

Lower highs and lower lows have defined price action since late March, pointing to consistent selling activity.

Attempts at consolidation were brief, with selling pressure quickly resuming and driving XRP price toward the $2.00 support level.

The appearance of the TD Sequential “9” on April 3 may indicate that the downward momentum is waning.

This indicator typically appears after nine consecutive candles close lower than the corresponding candle four periods earlier.

While the signal can precede a reversal, analysts stress that further bullish price action in subsequent sessions is necessary to confirm a shift in trend.

Ripple Releases 1 Billion XRP with Schedule Deviation

On April 3rd, Ripple released 1 billion XRP. This was a bit unusual for the company because they have been releasing tokens on the 1st of each month.

The transactions were detected by Whale Alert. The movements included one of 500,000,000 XRP, 200,000,000 XRP, and 300,000,000 XRP, respectively.

According to data from Whale Alert, all transactions were initiated by Ripple. This latest release occurred two days after the company locked 700 million XRP back into escrow on April 2.

Ripple has been following a monthly release model since 2017, with a portion of tokens typically returned to escrow shortly after release.

More so, blockchain-powered payment rewards began on April 3rd as the XRP Ledger opens its doors to institutional adoption through the CryptoTradingFund (CTF) framework.

This shift allows businesses to earn CTF token rewards for transactions, turning routine payments into valuable cashback opportunities.

With over 33,000 retail users already on board, the expansion to institutions is expected to drive significant growth in liquidity and utility on the XRP Ledger.

XRP Price Prediction Following Unlock

The XRP community has reacted to the timing and volume of the latest XRP release with speculation especially with the Ripple ETF rumours.

While some users expressed surprise, others noted that most of the unlocked XRP is typically returned to escrow.

Therefore, the emphasis is now on how the unlocked XRP will affect the markets with this altcoin being close to a crucial support level.

If XRP price maintains stability above $2.00, the TD Sequential “9” bullish reversal will be confirmed, signifying a new trend.

Additionally, a recent analysis revealed that XRP price is poised for a 73% breakout as it forms a bullish symmetrical triangle pattern.

Despite weak retail sentiment and significant whale outflows, the $2 support level has remained firm.

Technical indicators, including RSI divergence and Elliott Wave projections, suggest increasing momentum for an upward move.

If confirmed, the XRP could rally toward the $3.55 mark, signaling a strong bullish continuation.

At the time of writing this article, XRP price was $2.15 and was up by 5.73% in a day. The trading volume fell by 9.81% to $4.47 Billion.