Crypto analyst Ali highlighted that the TD Sequential indicator has flashed a buy signal for XRP on the 4-hour chart, hinting at a potential bounce from oversold conditions.
This signal comes after a string of red candles that pushed the price toward $2.95 before finding some stability.
At the same time, on-chain data from Glassnode points to $2.80 as a crucial support level. According to the cost-basis distribution heatmap, a large cluster of XRP supply was accumulated around this zone, making it a key level for traders to watch.
If this area holds, it could serve as the foundation for a recovery rally.
On the daily chart, XRP is trading just above $3.00 with relative strength index (RSI) levels hovering near 52, signaling neutral momentum after last week’s correction. The RSI suggests neither overbought nor oversold conditions, leaving room for either direction depending on broader market sentiment.
The past few weeks have seen XRP oscillating between $2.80 and $3.50, with bulls struggling to maintain momentum after hitting local highs in early September. A decisive move above $3.20 could re-ignite bullish momentum, while a breakdown below $2.80 would raise the risk of deeper losses.
For now, traders remain focused on whether the buy signal translates into a meaningful bounce or if XRP retests its key support once more.
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The post XRP Price: Analyst Highlights the Most Crucial Level to Watch appeared first on Coindoo.
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