XRP just flashed major buy signal: Is $3 next?
Finance XRP just flashed major buy signal: Is $3 next? XRP is showing signs of a potential short-term reversal after a key technical indicator flashed a fresh buy signal, raising expectations that bullish momentum could return following the tokens recent pullback. The latest signal, highlighted by cryptocurrency trading expert Ali Martinez in an X post on May 8, comes from the TD Sequential indicator, a technical analysis tool traders use to identify trend exhaustion and possible reversal points. According to the setup, the indicator previously issued a sell signal near XRPs recent local peak around $1.46 on May 6. That bearish signal was followed by a correction of roughly 5.5% over the next two days, reinforcing confidence among traders who closely track the indicators accuracy during recent XRP swings. The indicator has now turned bullish again, with XRP stabilizing after a series of bearish four-hour candles pushed the asset lower from recent highs. The new “9” buy signal suggests selling pressure may be easing, while buyers could be preparing for another upward move. At the same time, downside momentum appears to be weakening, as recent candles have become smaller and more compressed while XRP consolidates above short-term support. Traders are now watching whether XRP can reclaim the $1.45 resistance