XRP Price: Analyst Highlights the Most Crucial Level to Watch
XRP is once again at a pivotal moment, with technical indicators suggesting a possible rebound after recent weakness.
Crypto analyst Ali highlighted that the TD Sequential indicator has flashed a buy signal for XRP on the 4-hour chart, hinting at a potential bounce from oversold conditions.
This signal comes after a string of red candles that pushed the price toward $2.95 before finding some stability.
At the same time, on-chain data from Glassnode points to $2.80 as a crucial support level. According to the cost-basis distribution heatmap, a large cluster of XRP supply was accumulated around this zone, making it a key level for traders to watch.
If this area holds, it could serve as the foundation for a recovery rally.
On the daily chart, XRP is trading just above $3.00 with relative strength index (RSI) levels hovering near 52, signaling neutral momentum after last week’s correction. The RSI suggests neither overbought nor oversold conditions, leaving room for either direction depending on broader market sentiment.
The past few weeks have seen XRP oscillating between $2.80 and $3.50, with bulls struggling to maintain momentum after hitting local highs in early September. A decisive move above $3.20 could re-ignite bullish momentum, while a breakdown below $2.80 would raise the risk of deeper losses.
For now, traders remain focused on whether the buy signal translates into a meaningful bounce or if XRP retests its key support once more.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
