On March 7, prominent crypto analyst Ali Martinez took to X to share a bearish outlook for XRP, pointing to multiple sell signals flashing on the two-week chart via the TD Sequential indicator.
With XRP trading at $2.53 at the time of his post at 10:08 AM UTC, down from $2.60 on March 6 at 16:37 UTC, when the chart was captured, this 2.7% dip has sparked interest.
The highest volume on March 3 likely completed a “9” setup in the TD Sequential, indicating the start of a potential reversal, while the March 6 volume spike and subsequent drop to $2.50-$2.53 could mark the beginning of a “13” countdown phase, confirming the earlier signal.
This alignment supports Martinez’s assertion of multiple sell signals, with the broader trend suggesting the rally from $2.03 had run its course. Now the $2.50-$2.55 range on March 7 now serves as immediate support. A break below this level could target $2.40, signaling further downside and validating the bearish outlook.
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