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Finbold 2025-03-07 11:45:08

XRP flashes major sell signals, according to analyst

On March 7, prominent crypto analyst Ali Martinez took to X to share a bearish outlook for XRP , pointing to multiple sell signals flashing on the two-week chart via the TD Sequential indicator. With XRP trading at $2.53 at the time of his post at 10:08 AM UTC, down from $2.60 on March 6 at 16:37 UTC, when the chart was captured, this 2.7% dip has sparked interest. The TD Sequential indicator is flashing multiple sell signals on the $XRP two-week chart, suggesting a potential shift in momentum! pic.twitter.com/SiyV454FIY — Ali (@ali_charts) March 7, 2025 The TD Sequential, a technical tool developed by Tom DeMark, is designed to spot trend exhaustion and reversals. Operating on a two-week timeframe, it’s a slow-moving signal that often marks significant turning points after prolonged moves. Martinez, who has cited the indicator’s reliability for XRP since 2022, implied that the token’s recent price action had hit a ceiling, with a pullback looming. The price movement between the chart’s timestamp at 16:37 UTC on March 6 and his post 17.5 hours later at 10:08 AM UTC on March 7, where XRP dipped from $2.60 to $2.53, aligns neatly with his bearish call. However, timing is critical in trading, and analysts can sometimes face scrutiny for presenting data in a way that fits their narrative after the fact. If the technical and on-chain analyst had posted the chart in real-time on March 6, the call would have carried more weight as a proactive signal, rather than appearing to wait for confirmation of the decline. XRP sell signal analysis Could the sell signals still be valid? Quite possibly. The TD Sequential’s two-week timeframe means it’s less sensitive to short-term fluctuations, like the $0.07 drop, and more focused on broader trends. Over the last seven days, the token surged 44.3% from $2.03 on March 1 to a high of $2.93 on March 3, accompanied by the highest volume recorded, signaling intense buying pressure that likely marked the initial exhaustion point. A secondary high of $2.65 on March 6, with a notable but lower volume spike, suggests a retest of resistance or a failed breakout attempt. The chart reveals a sharp red candlestick dropping to $2.50-$2.55 by March 7, reinforcing the reversal as sellers took control. XRP 7-day price chart. Source: Finbold The highest volume on March 3 likely completed a “9” setup in the TD Sequential, indicating the start of a potential reversal, while the March 6 volume spike and subsequent drop to $2.50-$2.53 could mark the beginning of a “13” countdown phase, confirming the earlier signal. This alignment supports Martinez’s assertion of multiple sell signals, with the broader trend suggesting the rally from $2.03 had run its course. Now the $2.50-$2.55 range on March 7 now serves as immediate support. A break below this level could target $2.40, signaling further downside and validating the bearish outlook. Featured image via Shutterstock The post XRP flashes major sell signals, according to analyst appeared first on Finbold .

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