XRP Indicator That Nailed Recent Reversals Has Flashed Again

Cryptocurrency analyst Ali Martinez highlighted the TD Sequential indicator's effectiveness in predicting XRP trend reversals. This technical analysis tool identifies potential turning points in an asset's price. The TD Sequential operates in two phases: the setup and the countdown. The setup phase counts nine consecutive candles of the same color, signaling trend exhaustion. A completion with nine red candles suggests a bullish reversal, while nine green candles indicate a bearish reversal. Following the setup, the countdown phase involves thirteen candles, which coincides with another price top or bottom. XRP recently completed a TD Sequential setup of nine green candles on its daily chart. This formation suggests a potential downside reversal for XRP, according to the indicator. The TD Sequential has accurately called previous local tops and bottoms for XRP in recent months. Consequently, the latest sell signal could lead to a price drawdown for the cryptocurrency. The indicator has also proven reliable for Bitcoin, recently signaling a sell-off followed by a price retrace. XRP is currently trading sideways around $2.62.