XRP Price: Buy Signal Points to New Bullish Target
XRP traders are watching closely as the token hovers just below $3, with new technical signals hinting that a rebound could be in play.
After dipping from $3.10 earlier this week to lows near $2.98, the asset has printed a TD Sequential buy signal — a pattern that often marks the end of a sell-off and the beginning of a recovery.
Analyst Ali Martinez flagged the signal on September 20, noting that the indicator has historically identified exhaustion points in bearish phases. If XRP can reclaim $3.10 and hold above it, chart watchers see room for the price to climb toward $3.20 and potentially $3.50 in the short term.
The technical setup comes at a time when market sentiment is shifting thanks to fresh institutional exposure. The launch of the REX-Osprey XRPR ETF, which tracks XRP price movements through derivatives, saw $37.7 million in first-day trading volume — the best debut for any crypto ETF this year. While the fund doesn’t directly hold XRP, its strong start is being interpreted as a sign of pent-up Wall Street demand.
Regulatory decisions could provide another catalyst. U.S. agencies are due to review applications for spot XRP funds in October, raising hopes that more direct products will open the door for institutional inflows.
For now, XRP is trading at $2.99, almost exactly in line with its 50-day moving average. The longer-term 200-day average sits comfortably lower at $2.56, suggesting that the broader uptrend remains intact despite recent sideways price action. Momentum indicators also show a neutral stance, leaving room for bulls to take control if buying pressure picks up.
With the $3 psychological level acting as the immediate battleground, traders will be watching closely to see whether the buy signal delivers on its promise — or if XRP drifts back into deeper consolidation.
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.
