RATE Group | XRP’s Price Chart Just Printed This Harrowing Signal At $0.23
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XRP’s Price Chart Just Printed This Harrowing Signal At $0.23

22 Jan XRP’s Price Chart Just Printed This Harrowing Signal At $0.23

Posted at 02:32h in Ethereum News by

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Over the past few weeks, the price of XRP has finally started to break higher. As covered in previous reports from this very outlet, the cryptocurrency gained over 35% from its bottom of $0.18 established in December, rallying as high as $0.25 just a few days ago as of the time of this article’s publishing.

Although there are many investors who wish for this momentum to be maintained, a key price signal just flashed, indicating that XRP may have some downside from here.

XRP Prints Bearish Technical Signal

According to a Telegram channel tracking the Tom Demark Sequential, better known as the TD Sequential indicator, the XRP against the U.S. dollar chart just printed a “sell 9” candle on the daily chart.

As an aside: the TD Sequential is a time-based indicator created by a special advisor to Point 72 Asset Management and a CEO of a market research and analytics firm. Per a technical analysis site, “When the 9 count is completed, it is at that…

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