XRP Buy Signal Hinges on Critical Support Level

The price of XRP has generated a technical buy signal according to analyst Ali Martinez. The TD Sequential indicator, a tool measuring price exhaustion, flashed a buy signal for XRP. However, the bullish scenario remains valid only if XRP holds above the critical support level of $1.90.

Martinez emphasized that maintaining this level is crucial in determining the token's trajectory. If XRP manages to stay above $1.90, it could potentially reach $2.50, a price target previously observed over a month ago just before Canary Capital launched XRPC, the first XRP exchange-traded fund.

Despite nearly $1 billion in net inflows across five XRP ETFs and multiple partnerships and regulatory approvals from Ripple, XRP has declined to approximately $2.00. The token faces three significant sell walls between its current price and the target of $2.50 at $2.10, $2.15, and $2.25.