- TD Sequential “13” buy signal lights up after XRP’s 36% fall to $1.935, echoing exhaustion at bottom support.
- Previous signals preceded 14% and 18% rebounds; technical confluence sets sights on a $2.20 reclaim as RSI and shorts reach extremes.
- Fibonacci retracement zones ($1.82-$1.93) and volume shelves reinforce a strong foundation for reversal, mirroring past cycles’ explosive runs.
The volatile world of cryptocurrency trading, technical indicators often serve as the North Star for investors navigating choppy waters. Ripple’s native token, XRP, has just lit up a promising signal on the charts, courtesy of the TD Sequential—a proprietary tool developed by analyst Tom DeMark. Shared by trading expert Ali Martinez (@ali_charts) on X, the indicator has completed a “13” setup on the daily timeframe, signaling a potential buy opportunity after a brutal 36% plunge from recent highs.
Why the TD Sequential Buy Signal Matters for XRP
The chart in question, depicting XRP’s perpetual contract against Tether (USDT) on Binance, paints a picture of exhaustion at the bottom. Priced around $1.935 as of November 21, XRP has been hammered by broader market fears, regulatory whispers surrounding Ripple’s ongoing SEC saga, and a risk-off sentiment gripping altcoins.
Yet, the TD Sequential’s green “13” candle—marking the end of a nine-candle countdown—historically precedes reversals. Martinez highlights that the prior two instances of this signal triggered rebounds of 14% and 18%, respectively, offering a glimmer of hope for battered holders.
Historical Precedents: How Past TD Signals Played Out
Zooming out, XRP’s descent mirrors classic bull market fakeouts. As noted in community reactions, the token wicked down into key Fibonacci retracement levels (0.618-0.786 zones between $1.82-$1.93), aligning with a monthly volume shelf. RSI readings scream oversold, funding rates have reset to neutral, and short interest is at yearly peaks—textbook ingredients for a short squeeze. Historical parallels to the 2017 and 2021 cycles, where similar deep retraces preceded 10x surges, fuel speculation of a violent reclaim toward $2.20, and potentially $3.50-$5 on a confirmed breakout.
Risks, External Catalysts, and What Needs Watching Next
The crypto’s mantra remains “not financial advice.” External factors like macroeconomic data or Ripple’s legal developments could derail this setup. But for traders, this confluence of signals suggests the dip-buying window may be wide open. As one X user quipped, “One decent green candle could flip the whole mood for XRP holders.” With Bitcoin stabilizing above $90K, altseason whispers growing louder, XRP’s utility in cross-border payments positions it for outsized gains if sentiment shifts. Will this TD buy signal propel XRP out of the doldrums? The charts say yes—but watch those key supports closely.
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.
