- TD Sequential signals a short-term correction, with key support at $2.30-$2.35.
- XRP could target $2.42 next, with major resistance above the Ichimoku clouds.
- RSI at 50.53 and MACD suggest growing bullish momentum despite correction risks.
The cryptocurrency market is witnessing a potential shift in XRP’s price action, as analysts signal a possible short-term correction. Following an extended uptrend, XRP has flashed a warning sign on the 4-hour chart. The TD Sequential indicator has triggered a “9” sell signal, suggesting a pause in bullish momentum. This alert has traders closely watching key support levels as they anticipate a potential buying opportunity.
TD Sequential Flashes a Warning
Ali Martinez, a renowned analyst, has identified a critical pattern in XRP’s 4-hour chart. The asset recently climbed to a high of $2.4023 before showing signs of exhaustion. The appearance of a TD Sequential “9” sell signal indicates that the bullish trend may be losing steam.
The latest bearish candle reinforces this, hinting at a possible correction. Key support levels to monitor range between $2.30 and $2.35. If this zone holds, it could provide an entry point for traders looking to buy the dip. However, if selling pressure intensifies, XRP may drop further before resuming its upward trajectory.
$XRP sell alert! TD Sequential flashes a warning on the 4-hour chart. Opportunity to buy the dip incoming! pic.twitter.com/NIrZaWL6Sr
— Ali (@ali_charts) March 15, 2025
Future Projections and Key Levels to Watch
Despite the short-term correction, analyst Dark Defender maintains an optimistic outlook on XRP’s future price action. According to his analysis, XRP has completed its correction on the 4-hour chart. On the daily timeframe, the asset appears poised for another leg higher.
XRP is expected to move towards $2.42 as its first target. However, the real momentum will kick in once XRP breaks above the Ichimoku clouds. Dark Defender outlines major support levels at $2.22 and $2.04, which could act as strong cushions in case of further retracement. If bullish momentum prevails, XRP could eventually target $4.2932 and even $5.8563 in the coming sessions.
Hi all! I hope you are well!
— Dark Defender (@DefendDark) March 12, 2025
XRP has finalised the correction on the four-hour time frame! Below is the daily time frame.
Considering the correction structures, XRP is expected to move towards $2.42 first. The real momentum will start after XRP stands above the Ichimoku… pic.twitter.com/Wh4u3PUogO
Market Performance and Technical Indicators
As of press time, XRP is trading at $2.41, reflecting a 3.67% increase in the last 24 hours. Over the past week, the asset has gained 3.56%, showcasing strong market demand. With a circulating supply of 58 billion XRP, its market capitalization stands at $140.08 billion.
From a technical standpoint, XRP’s Relative Strength Index (RSI) sits at 50.53, indicating neutral momentum. The RSI has bounced from 47.61, suggesting some buying strength. A push above 60 would confirm bullish momentum, while a drop below 40 would signal a bearish shift.
Meanwhile, the MACD indicator shows that the MACD line is slightly above the signal line, hinting at growing bullish momentum. The histogram turning positive further supports the possibility of an upcoming price increase.
