XRP Targets $2.50 Resistance as TD Sequential Buy Signal Hints at Major Rebound

XRP bulls are eyeing a critical breakout as a classic technical indicator flashes green. The TD Sequential setup has printed a buy signal, suggesting the digital asset might be gearing up for a significant move north.

Resistance Looms Large

The key level to watch sits firmly at $2.50. For traders, this isn't just another number on a chart—it's the line in the sand separating consolidation from a potential trend reversal. A decisive break above could open the floodgates for a rally that has been months in the making.

Market Mechanics at Play

These buy signals don't appear in a vacuum. They often emerge after periods of sustained selling pressure, hinting that exhaustion might finally be setting in among bears. It's the market's way of whispering that the tide could be turning, a whisper that sometimes turns into a roar.

The Path Forward

While the signal is bullish, the crypto market has a notorious habit of humbling overconfidence. The real test comes with volume. A push toward $2.50 needs heavy buying conviction behind it—otherwise, it's just another fakeout in an industry that specializes in them. After all, in finance, a 'sure thing' is often just a story someone's selling before the numbers tell a different tale.

All eyes are now on whether XRP can muster the strength to convert this technical promise into tangible price action. The setup is there. The question remains: will the market follow through?

XRP Struggles as Technicals Point to Cooling Phase

Technically, XRP is clearly in a broader correction with a failure to hold onto previous highs. The price is currently below the short-term moving averages, with resistance at the 20-week and 50-week SMAs. The MACD MA Ribbon is still positive on a broad scale, but with a widening gap in between, which shows a lessening of momentum. While XRP is below $2.10 & $2.20, any rallies will be met with resistance.

source: tradingview

Momentum indicators support a bearish forecast. The RSI index has moved close to 39, remaining below the signal line, which shows an increasing bearish dominance but with a hint of a possible technical rebound in the area. The MACD index is strongly below zero, with an increasing red histogram, pointing towards a strong bearish momentum.

TD Sequential Buy Signal Hints a rally to $2.50

Moreover, the crypto analyst, Ali, revealed that a TD Sequential Buy setup is seen on XRP’s chart, indicating a possible exhaustion of selling pressure and a trend reversal in the short term. A TD Sequential Buy setup frequently appears in a local bottom area, bringing a trader’s attention to a rebound setup. A TD Sequential Buy setup, however, does not independently indicate a strong bounce in price.

Source: Ali

The $1.90 level is currently where XRP finds itself in a battle to hold above in order to improve chances of a possible breakout towards $2.50, which is a level that market experts have been closely observing. XRP will struggle to see a major break higher if it fails to find support above $1.90.

Also Read: xrp price Holds Key Support While $3 Liquidity Zone Gains Attention