XRP flashes major sell signal; Drop to $2 next?

XRP’s ability to maintain its price above the $2.5 support level is now under threat, with technical indicators suggesting the asset is likely to ￰0￱ this case, the TD Sequential indicator, a tool known for predicting market turning points, has triggered a fresh sell signal, according to insights from cryptocurrency analyst Ali ￰1￱ an X post on October 29, the analyst noted that the TD Sequential has consistently identified trend reversals for XRP over the past three ￰2￱ price analysis chart.), a level that often acts as a key indicator of long-term trend direction. However, the 50-day SMA at $2.79 remains above the current price, suggesting that short-term momentum is still weaker and the asset may face resistance around that ￰3￱ the other hand, the 14-day Relative Strength Index ( RSI ) stands at 51.69, signaling a neutral stance with neither overbought nor oversold ￰4￱ indicates that XRP is in a consolidation phase, where price direction could shift depending on whether bulls manage to reclaim the 50-day SMA or bears push it below the 200-day ￰5￱ image via Shutterstock