XRP rebounds from a multi‑week low into key support as TD Sequential flags a potential local top, while spot XRP ETFs log ongoing inflows despite mixed price action.
Summary
- XRP has bounced off a multi‑week low and is holding above a critical support zone that traders say will decide whether the recovery continues or breaks down.
- The TD Sequential indicator, previously accurate on XRP, now signals a possible local top after the bounce, mirroring broader indecisive price action seen in Bitcoin.
- Spot XRP ETFs continue to post steady positive inflows and growing assets under management, underscoring institutional interest even as XRP trades sideways.
Ripple’s XRP token has recovered from a recent multi-week low and surpassed a level that traders have identified as significant for determining future price movements, according to market analysis.
XRP is trading around $1.93, leaving it roughly 8–9% below last week’s highs but still firmly within its recent range. Twenty‑four‑hour trading volume sits near $5.7 billion, signaling healthy liquidity even as price action remains largely range‑bound between key support and resistance levels.
XRP price
The TD Sequential, a technical indicator used to predict potential exhaustion points in asset price trends, has signaled a possible local top for XRP (XRP) following its recovery from Friday, according to data shared by analyst Ali Martinez.
The TD Sequential has previously demonstrated accuracy in forecasting XRP price movements, according to market observers. Following a late-November decline, the indicator flashed a buy signal and the cryptocurrency rose in subsequent days, according to historical data. Similar signals had preceded notable rebounds before that occurrence.
The indicator has also generated sell signals with comparable effectiveness, according to analysts.
Analyst CryptoWZRD noted that XRP closed “indecisively” and is mirroring Bitcoin’s overall market sentiment. Bitcoin showed slight gains while XRP remained relatively flat, according to market data.
XRP has maintained its position above a support level that traders have characterized as critical. A breakdown below that support could trigger a significant decline if additional support levels fail, according to technical analysis.
Spot Ripple exchange-traded funds have recorded consecutive days of positive inflows since the first fund launched, according to market data.
