- Analyst Martinez highlights the TD Sequential buy signal, indicating recovery.
- U.S. service mark registration reinforces XRP’s payment legitimacy status.
- Ripple CTO Schwartz stresses XRP’s unmatched resilience and cybercrime security.
XRP is drawing attention after a technical signal suggested a short-term price recovery. Crypto analyst Ali Martinez reported that XRP may be preparing for a rebound. He cited TradingView data from Binance’s perpetual contract.
The TD Sequential indicator flashed a buy signal on the hourly chart. This appeared after a sequence of declining candles that pointed to weakening bearish momentum.
XRP recently tested lows around $2.89 before stabilizing near $2.91. The current trading range reflects cautious sentiment following the pullback.
Martinez explained that the signal could mark the start of a short-term recovery. He added that confirmation may give bullish traders an entry point. Targets include resistance levels above $2.95, which remain closely watched by the market.
XRP Registered as Service Mark in U.S.
The United States Patent and Trademark Office registered XRP as a service mark in December 2013. Records show the registration under financial services for secure payments in both traditional and virtual currencies. OpenCoin Inc., based in San Francisco, holds the registration.
Analyst JackTheRippler shared the document online, calling it an important revelation. He said the registration confirms XRP’s legitimacy as a payment method.
The disclosure sparked reactions across the crypto community, with many highlighting its relevance to XRP’s role in financial services. Supporters said the trademark status strengthens confidence in XRP as a trusted digital asset.
Community and Leadership Reactions
Ripple CTO David Schwartz also addressed XRP’s resilience. He stated that its protection against cybercrime remains unmatched.
Schwartz commented, “We won that battle,” underscoring the network’s focus on security strength. His remarks aligned with broader community sentiment about XRP’s durability.
At press time, XRP is trading at $2.90. The token showed a modest daily gain of 0.68%. This price action followed the appearance of the hourly buy signal, which remains under close watch from traders assessing short-term opportunities.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
