In February, XRP attempted to break out following an early-month selloff but was halted near $1.65. A month later, bearish pressure increased as the asset failed again while testing $1.60. Over the next couple of months, upward attempts petered out even earlier, with resistance holding around $1.50 in April and $1.47 in May.
On the bright side, each rejection found renewed buying pressure near $1.30, which has since become XRP’s key support level. Another buy signal has now appeared, raising the question of whether this attempt will finally lead to a sustained rally or simply repeat earlier short-lived moves.
XRP Buy Signal
Market analyst Ali Martinez, who often references the TD Sequential indicator, noted that the metric has generated a buy signal on XRP’s 4-hour chart. TD Sequential is designed to identify exhaustion in price moves in either direction. While not infallible, Martinez pointed out that the indicator has been particularly reliable for XRP historically.
An example occurred on May 6, when the indicator produced a sell signal after XRP reached $1.46 for the first time in weeks. That rejection drove the token down more than 5% in under 48 hours.
Regarding the recent buy signal, Martinez suggested it indicates the local selling pressure has likely run its course and that XRP is positioned to rebound. He expects the initial move to test resistance near $1.45, with a more bullish secondary target of $1.80 if overhead supply is cleared.
Is a Major Move Coming?
Martinez has mentioned the $1.80 target before, arguing that XRP’s prolonged consolidation could set the stage for a significant directional move. Other analysts echo that view. For instance, MikybullCrypto pointed out that XRP’s triangle consolidation might be approaching a resolution, with the key question remaining whether price will break higher or lower.
Analyst CW also favors an upside outcome, noting that futures markets show little evidence of sustained downside pressure. They described the recent slide below $1.40 as an “artificial decline,” arguing that net long positions and open interest have actually been increasing. According to CW, when the short-term downward phase ends, stronger upward momentum may follow.
Although the price of $XRP is falling, there is absolutely no downside pressure in the futures market.
This is an artificial decline. On the contrary, net buying of long positions has increased, and Open Interest (OI) is also rising.
Once this short-term trend ends, bigger…
— CW (@CW8900) May 8, 2026