- TD buy signal flashes on 4-hour chart, suggesting a weekend XRP rebound.
- Price currently at $2.28 after a 1.61% dip, with $2.30–$2.40 as immediate resistance zones.
- ETF liquidity inflows and sentiment could fuel further upside, though momentum remains cautious.
The cryptocurrency market is buzzing with anticipation as a TD buy signal flashes for $XRP, suggesting a possible rebound this weekend. Posted by analyst Ali @ali_charts on November, the chart highlights a notable uptick in the XRP/TetherUS perpetual contract on Binance, with prices dipping from $2.38 to $2.29 before showing signs of recovery. The signal, marked with a red “1” on the 4-hour chart, indicates a potential shift from the recent bearish trend, offering hope to investors after a 1.61% drop to $2.24.
Key Technical Zones: $2.30 to $2.40 Resistance
This development comes amid mixed market sentiments, with XRP struggling to break past the $2.30 resistance level. The chart, created using TradingView, showcases volatility throughout the trading session, with the TD (Tom DeMark) indicator hinting at an opportune buying moment.
While some analysts attribute this to impending liquidity inflows from a potential XRP ETF, others caution that market sentiment and profit-taking could influence the outcome. The current price hovers around $2.2822, with a modest -0.49% change, keeping traders on edge.
Market Sentiment and ETF Liquidity Impact
The crypto community is closely watching whether this signal will materialize into a sustained rally. Historical patterns suggest XRP can surprise with rebounds, but the lack of consistent momentum above key levels remains a concern.
Investors are advised to monitor volume and ETF-related news, as these could be pivotal in driving the price toward $2.40 or beyond. For now, the TD buy signal serves as a beacon of optimism in an otherwise cautious market.
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.
