XRP Shows Signs of Recovery as Key Indicators Suggest a Potential Rebound
APRIL
XRP
- XRP shows signs of a rebound as TD Sequential signals trend exhaustion, hinting at a potential shift in momentum above $2.
- Historical patterns suggest a possible breakout, with XRP mirroring past setups that led to price surges.
- Key resistance at $2.50 and $6 could determine XRP’s next move, while long-term accumulation signals potential market strength.
According to Crypto analyst Ali, XRP is showing signs of a potential price rebound as it holds above $2. A potential change in momentum is suggested by the purchase signal that the TD Sequential indicator flashed. After a notable downward trend, recent price activity points to a brief period of consolidation. Although technical indicators indicate that selling pressure may be waning, the price structure is still bearish.
TD Sequential Hints at Trend Exhaustion
From March 26 to April 2, the XRP/USDT daily chart on Binance shows a steady decreasing trend. XRP started the most recent trading day at $2.0208, peaked at $2.0808, and then fell to $2.0044. It posted a slight rise of 0.96%, closing at $2.0404. Continuous selling pressure is highlighted by a series of black candlesticks, while price rejection at critical levels is shown by long wicks on several candles. This implies that buyers and sellers are fighting for dominance.
A technical development occurred with the TD Sequential indicator, marking a "9" near the latest candlestick. This pattern often signals trend exhaustion, hinting at a potential reversal. Besides, a small-bodied candlestick has formed after a sharp bearish move, indicating market indecision. A descending trendline intersects near the latest price level, showing that XRP is still within a broader downtrend. However, the latest buy signal could change the momentum.
Historical Patterns Suggest a Breakout Could Follow
Looking at XRP’s long-term price history, a similar setup to 2017 is emerging. During that period, XRP broke out of a multi-year resistance and surged to an all-time high. The latest chart patterns indicate a symmetrical triangle formation from 2018 to 2025. This resembles the one seen between 2014 and 2017, which resulted in a major breakout.
If history repeats, XRP could be approaching another strong price movement. The chart shows key resistance levels at $2.50 and $6. If XRP breaks above the consolidation zone, a sharp uptrend may follow. Moreover, the gradual upward slope of the support trendline indicates long-term accumulation. A strong breakout from this formation could significantly shift the market trend.
The post XRP Shows Signs of Recovery as Key Indicators Suggest a Potential Rebound appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
