Based

Satoshi Nakamoto

Bitcoin

when

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 <p class="paragraph">At the closing of 2023, hopes among crypto traders were high when it came to XRP. While the Bitcoin (BTC)-led <a rel="noopener noreferrer nofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a> that affected the crypto market as a whole played a part in this optimism, the string of legal victories Ripple Labs achieved in its long struggle with the SEC arguably had an even greater role.</p>
 <p class="paragraph">Despite this, while XRP went through a rally that briefly had it surge above $0.70 for the first time since early 2022, its performance since the start of 2024 has been far more lackluster and indeed mostly marked by stagnation and decline, causing many to wonder if the token will ever reach $1, let alone its previous all-time highs of $3 and beyond.</p>
 <h2 class="wp-block-heading" id="h-td-sequential-reveals-xrp-s-imminent-rally">TD Sequential reveals XRP’s imminent rally</h2>
 <p class="paragraph">After offering middling performance through most of the first two months of 2024, the technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) relying on TD Sequential of XRP’s weekly chart flashed a buy <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> on Monday, February 26, per the prominent crypto analyst Ali Martinez, who shared his findings on X.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">The expert also assessed that, should XRP indeed start <a rel="noopener noreferrer nofollow" title="rally" href="https://thebittimes.com/tag/rally.html">rally</a>ing, it could skyrocket to $0.63 or, even go as high as $0.65 – approximately 20% above its press time price of $0.54.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/uVxTpi-B6QHyRaX2GMMPB8V6fXrv6LdR2ZvZRvXQh2lUkZsISIqY8CMISN05tPprXwqlDvP8FbCjIWxsUNn2HB4KgClgr9WMXL_Iwa4EReBUExWxQKQlfiJowirqiPNu91AuDkl39-GYQ8L-zPrX_Sw" alt>
  <figcaption class="wp-element-caption">
   TD Sequential analysis of XRP weekly chart. Source: @ali_charts
  </figcaption>
 </figure>
 <p class="paragraph">TD Sequential is a technical analysis tool that seeks to identify whether the current trend will continue or if it will undergo an imminent reversal by analyzing an asset’s past performance.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-chart">XRP price chart</h2>
 <p class="paragraph">In total, the last 52 weeks of trading did see XRP rise 51.78%, but its year-to-date performance has been decidedly weaker and the token is 14.97% in the red in the time frame. The last 30 days of trading, however, did see a slight rise of 0.52%.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/1zZXU1OL0dXghJzrFU046hGuAOCQnwaDZVE668YJlpXKSiCtJbK-27RPb5x_K_Le5O2pcirK_QDMIPJppNeK-LNwtqVAbsH4wLEfK8oSQBmZWLXH5JGuJ_72xdpbacYHOzMbMpqNugld-3tNxsw9MAY" alt>
  <figcaption class="wp-element-caption">
   XRP YTD price chart. Source: FInbold
  </figcaption>
 </figure>
 <p class="paragraph">Finally, in the last full week of trading, XRP declined as much as 4.08%, and it also fell 1.94% in the 24 hours leading up to February 26.</p>
 <p class="paragraph">Still, as the wider cryptocurrency market has again entered what appears as a bull run, with Ethereum (ETH) finding its footing above $3,000 and Bitcoin reliably staying above $50,000, as investors are increasingly eying the upcoming halving event, hopes to remain high for altcoins, memecoins, and all other types of cryptocurrencies.</p>
 <h2 class="wp-block-heading" id="h-other-technical-analysis-tool-issue-sell-signals">Other technical analysis tool issue sell signals</h2>
 <p class="paragraph">Other tools of technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, however, are less bullish when it comes to XRP. Based on the cryptocurrency’s performance throughout the last 7 days, both oscillators and moving averages are decisively bearish, with the former rating XRP as a “sell” and the latter as a “strong sell,” judging by data retrieved from <em>TradingView </em>on February 26.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/ZB3ypsm43Zd0j7ksS5Dv6OF41gNTUZFJspThbXzA4aPycutKc-90vrPqY5rrLfEipEuO10fnR5Au9tZdhsua93UPAtnrQksmiqdsBOPNwv2ZBV-_kidBL8TVSlR6ukj4xd2znp0UfHGuoEv4fKzf-T0" alt>
  <figcaption class="wp-element-caption">
   XRP Technicals. Source: TreadingView
  </figcaption>
 </figure>
 <p class="paragraph">The analysis provided by the platform, based on the latest 24 hours of trading, gives similar results, and XRP remains ranked as a “sell” overall.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-poised-for-20-rally-amid-emerging-strong-buy-signal-tbt80796.html">https://thebittimes.com/xrp-poised-for-20-rally-amid-emerging-strong-buy-signal-tbt80796.html</a></p>

XRP poised for 20% rally amid emerging strong buy signal

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