XRP Alert: 26% Breakout or Correction Imminent?”

• XRP with mixed technical signals.
• Ascending triangle indicates bullishness.
• TD Sequential points to correction.

O XRP , one of the most closely watched crypto assets on the market, is at a crucial moment, with technical signals pointing in two opposite directions. On one side, the formation of an ascending triangle suggests a possible bullish breakout, with the potential for a 26% price movement. On the other side, the TD Sequential indicator has triggered a sell alert on the 3-hour chart, indicating a possible pullback after the recent 11% appreciation.

This duality of technical signals has generated great anticipation among investors. Both XRP signals were noted by renowned cryptocurrency analyst Ali Martinez on February 20.

The ascending triangle, a classic chart formation, is often interpreted as a bullish continuation pattern. If XRP manages to break above the triangle’s upper resistance, it could trigger a buying spree, pushing the price higher.

“$XRP is gearing up for a breakout from this ascending triangle, which could trigger a 26% price move!” highlighted Martinez.

However, the TD Sequential sell signal cannot be ignored. This indicator, known for its accuracy in identifying reversal points, suggests that XRP may be overbought and about to begin a correction. The recent 11% rally may have attracted a lot of buyers, but it may also have left the market vulnerable to a sell-off.

“$XRP may be gearing up for a pullback as TD Sequential indicator issues sell signal on 3-hour chart after recent 11% rally!” stated .

XRP Price Today

In a surprising move, the cryptocurrency XRP is leading the day's gains among major crypto assets after a endorsement of US President Donald Trump. XRP is currently trading at $2,70 after rising 3.5% in the last 24 hours. In a week, Ripple’s token has gained almost 10%.

Ao analyze On-chain analytics platform Santiment has noted a significant increase in whales amid the recent price rally. Furthermore, analysts have highlighted that in three months, the price of XRP vs. BTC has seen a staggering 297% increase.

“Despite stable crypto market conditions, XRP Ledger market cap is up +6% on the day and in the minority as a positive gainer over the past week (+9%). Since November 11, 2024, the price of $XRP vs. $BTC is +297%. There are 261 more 100K+ XRP wallets than 10 weeks ago, a strong sign of confidence from key stakeholders,” he said.

If XRP validates the 26% price target, the cryptocurrency will approach its all-time high. The highest price paid for XRP (XRP) was $3,40, which was recorded on January 7, 2018 (approximately 7 years ago). In comparison, the current price is 20,90% lower than the all-time high.