Ripple’s XRP “Poised for an Upswing” says Top Crypto Analyst, but Price Yet to Break Out

The price of XRP, the native token of the XRP Ledger and fintech company Ripple, could be gearing up for a sustained rally over the next one to four weeks, according to a technical analysis indicator.

Crypto trader Ali Charts pointed out on X that the TD Sequential indicator is presenting a buy signal on the XRP weekly price chart. The TD Sequential tool actively identifies when an asset’s price trend reaches exhaustion and is ready to reverse, analyzing candlestick patterns for that purpose.

“The TD Sequential indicator is signaling a buy on the $XRP weekly chart, suggesting that #XRP is poised for an upswing lasting one to four weeks,” Ali tweeted.

Other crypto market observers have similarly voiced optimism for XRP’s price outlook. CryptoMoneyKing also tweeted that they plan to continue accumulating XRP on dips. He stated: “$XRP I’ll start buying in the Box. #XRP is a long term investment. I’ll rather keep on increasing my XRP spot Bags on every dip.”

Besides the positive technical analysis, fundamental news regarding Ripple’s adoption has also emerged. CryptoGeek broke the news on the X platform that American Express is now leveraging XRP for payment transactions via RippleNet.

“BREAKING: American Express validates its collaboration with #Ripple, declaring the adoption of $XRP for payment transactions. Ripple Labs has officially acknowledged that American Express is leveraging $XRP within the RippleNet System,” CryptoGeek tweeted.

This real-world usage of the XRP by a major financial services company could additionally explain the bullishness by some analysts. At press time, XRP’s value is $0.50 with a market capitalization exceeding $27 billion. Over the past 24 hours, approximately $835 million worth of XRP has changed hands globally.

Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!🤫

The key? Getting in early, especially during the IDO phase. Get in on NuggetRush now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the current ICO prices!

Show more +

The recent price action for XRP has been lackluster, showing a slight downturn in the last day. However, technical buy signals and news of adoption suggest that XRP could surge in an upside movement. Traders may want to keep a close eye on the token over the coming weeks.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.