- XRP faces a sell signal from the TD Sequential, pointing to potential price correction.
- Whale activity suggests XRP price may dip as large holders offload tokens.
- A drop below $2.40 for XRP could signal a deeper pullback, targeting $2.
XRP is currently facing a sell signal, as indicated by the TD Sequential indicator, suggesting a potential price correction. On October 29, 2025, Ali Martinez, a prominent cryptocurrency analyst, shared his insights on the situation.
The TD Sequential has been an accurate predictor of trend reversals in the past, and its latest signal could suggest that XRP is due for a downturn. This follows a pattern where the asset experienced declines after previous sell signals.
Martinez pointed out that XRP has witnessed price drops after sell signals from the TD Sequential, with significant retracements observed in July, August, and September. This past performance raises concerns that XRP could see a drop toward $2, especially if it fails to maintain support above $2.50.
Whale Activity and Market Sentiment
In addition to the technical sell signal, there is evidence of large holders, or whales, offloading substantial amounts of XRP. According to data shared by Martinez, addresses holding between 1 million and 10 million XRP have sold over 140 million tokens recently. This suggests that the momentum for XRP could be cooling, and the market may face additional downward pressure.
The outflows from whale addresses often precede price corrections, as these large holders typically take profits during rallies. As selling activity increases, it further supports the bearish outlook for XRP, especially when combined with the technical sell signal.
Futures and Options Market Impact
Futures and options data add another layer of uncertainty to XRP’s price movement. Open interest in XRP futures has increased by 3.8% over the last 24 hours, indicating growing market tension.
A significant portion of the market is holding long positions, with Binance’s long-to-short ratio exceeding 2.1. While this suggests potential for price gains if bullish momentum persists, it could also amplify losses if the market fails to maintain upward momentum.
The market’s focus is now on the $2.40 level, which represents a critical support zone for XRP. If the price fails to hold this level, a deeper retracement toward $2.10 is likely, undoing the gains made earlier in October. The outlook remains uncertain, with both technical and on-chain indicators signaling possible downward movement.
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.
