XRP & Bitcoin Among Coins Seeing TD Sequential Sell Signal

In a new post on X, analyst Ali Martinez has talked about the TD Sequential pattern that four top assets in the sector have formed recently.

A sell signal has just been triggered on the Tom Demark (TD) Sequential indicator for XRP and Bitcoin, among other cryptocurrencies, following the recent market recovery.

XRP, Bitcoin, And Other Coins Show TD Sequential Sell Signal

Analyst Ali Martinez highlighted the TD Sequential pattern formed recently by four top-caps in a new post on X. The “TD Sequential” is a technical analysis (TA) indicator used to identify potential reversal points in an asset’s price.

The indicator consists of two parts: the setup and the countdown. In the first, candles of the same color on the cryptocurrency’s chart are counted up to nine. These candles do not have to be consecutive.

Once the candles are up, the coin can be said to have reached a potential reversal point. Naturally, this would suggest a shift to a downtrend if green candles completed the setup and that to the upside in the case of red ones.

After the setup is complete, the second part, the countdown, begins. The countdown functions no differently, except that here thirteen candles are counted instead of nine. Completion of this phase can also be assumed to coincide with a probable change in direction for the asset.

Four cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), XRP (XRP), and Solana (SOL) have recently completed a TD Sequential setup of the former type on their 4-hour price. Here are the charts shared by the analyst that show the trend leading up to this signal.

as is visible in the above graphs, all of these assets have just finished a TD Sequential setup with nine green candles. These candles have corresponded to the recovery that the coins have enjoyed during the last couple of days.

However, given what such a TD Sequential setup is supposed to indicate, this uptrend may not continue for the cryptocurrency market. So far, XRP, Bitcoin, and the others have continued to rise despite this signal, but it remains to be seen how long the trend would last.

In other news, whale activity on the XRP network has been observed to be increasing, which Martinez noted in another X post.

The chart contains data for the “Whale Transaction Count” metric from on-chain analytics firm Santiment. This indicator tracks the total number of transfers on the XRP network carrying a value of over $1 million.

The metric has jumped up over the last couple of days and reached a value of 341. This indicates that the whales are making a large number of transactions on the blockchain at the moment.

XRP Price

At the time of writing, XRP is trading around $2.95, up over 15% in the last 24 hours.