Although the larger part of the cryptocurrency sector is trading in the red this week, the temporary setback might represent a massive opportunity to accumulate some of its assets, particularly XRP, which seems to getting ready to start an upsurge lasting at least one week.
As it happens, XRP’s TD Sequential indicator, which generally points at potential trend reversals and continuation patterns, is signaling a ‘buy’ on the weekly chart for this cryptocurrency, as per the analysis shared by crypto trading expert Ali Martinez in an X post published on February 6.
Indeed, according to the renowned crypto analyst’s observations, such a chart pattern context suggests that XPR is preparing for an “upswing lasting one to four weeks.” Hence, this might be an ideal time to buy before the price inevitably increases.
XRP price action analysis. Source: Ali Martinez
XRP price analysis
As things stand, the XRP token is currently changing hands at $0.503, recording a decline of 0.49% in
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