Skip to content

XRP flashes major ‘sell signal’ as temporary price buffer is identified

XRP flushes major ‘sell signal’ as temporary buffer is identified
Paul L.

Although XRP has gained some ground in the last 24 hours in a bid to breach the $3 resistance, the asset’s technical structure is painting a concerning picture for the short term.

According to analysis by Ali Martinez, the TD Sequential recently flashed a sell signal on the three-day chart, prompting a notable price pullback below the $3 mark, he noted in an X post on August 3.

The warning signal came after XRP reached highs above $3.60, with the bearish cue suggesting that the latest rally could be running out of steam. 

The 9-count TD Sequential signal, known for predicting trend exhaustion, appeared just as XRP approached a resistance zone between $3.60 and $4. Since then, prices have been sliding steadily, and the token is now approaching a key short-term support level.

XRP price analysis chart. Source: TradingView

At the same time, on-chain data shows that past accumulation behavior points to $2.80 as a temporary buffer for XRP, but real support begins below $2.48.

To this end, Martinez identified $2.40 as the critical zone to watch. If XRP continues to bleed lower, this level could act as a final line of defense for bulls to regroup. A failure to hold above $2.40 may open the door for deeper losses, possibly revisiting the $2.00 region.

XRP URPD price chart. Source: Glassnode

XRP price analysis 

At press time, XRP was trading at $2.92, having rallied over 5% in the last 24 hours. On the weekly timeframe, however, the asset has plunged nearly 10%.

XRP seven-day price chart. Source: Finbold

At the current value, XRP’s 50-day Simple Moving Average (SMA) of $2.65 shows the price is holding above the short-term trend, hinting at bullish sentiment. Meanwhile, the 200-day SMA at $1.875269 reflects a long-term upward trend.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Finbold AI Agent

How AI Price Predictions Work

We use cutting-edge AI models to forecast future prices for stocks and crypto.

Trade, Swap & Stake Crypto on Uphold

Buy, sell, and swap crypto. Stake crypto, earn rewards and securely manage 300+ assets—all in one trusted platform. Terms apply. Capital at risk.

Get Started

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.