Cryptocurrency XRP fell sharply by 10% per day

The price of XRP XRP $2.02 XRP -1.15% Market capitalization $121.62 billion VOL. 24 hours $0.24 billion has fallen sharply by 9.5% over the past day, but the TD Sequential technical indicator has signaled a possible reversal and a buying opportunity. The drop came amid a general decline in the cryptocurrency market, which was accompanied by a decline in liquidity and volatility of leading assets, including Bitcoin and Ethereum.

Analysts note that the current drop in XRP could be caused by short-term selling and profit-taking after the recent growth. However, the TD Sequential indicator, which is used to identify potential trend reversal points, has formed a «buy» signal on the daily chart. This may indicate the likelihood of a technical rebound if the market stabilizes.

According to traders, XRP is currently trading below key support levels, but in a zone that technical analysis considers potentially favorable for opening long positions. However, further dynamics will largely depend on the overall market situation and investor sentiment toward risky assets.

Despite the short-term downturn, some analysts believe that the medium-term outlook for XRP remains moderately positive, especially if the price can hold above the recent low. Traders are awaiting confirmation of the TD Sequential signal in the coming days to assess whether the asset can move into a recovery phase.

The market as a whole is in a state of uncertainty, but such signals from technical indicators often indicate the possibility of a correction after a sharp decline. Investors remain cautious, keeping a close eye on trading volumes and price reaction at support levels.