XRP Price Flashes Buy Signal as Analysts Predict Major Move Ahead

Ripple's XRP has been stuck in a tight range for several weeks, but recent analysis suggests that a major move may be imminent. According to analyst Ali Martinez, the TD Sequential metric has flashed a buy signal on the token's 4-hour chart, indicating that local exhaustion is over and XRP is ready to rebound.

The buy signal follows previous rejections at $1.65 and $1.60 in February and March, respectively. Each time, XRP found support around $1.30, which has since become its most important support level. Martinez believes that the token will target $1.45 initially before potentially reaching $1.80 once overhead supply is cleared.

Other analysts are also predicting a major move for XRP, with MikybullCrypto suggesting that the token's triangle consolidation could be coming to an end soon. However, there is disagreement over which side it will break out into. CW believes that there is no downside pressure in the futures market and predicts an upside breakout once the current short-term trend ends.