XRP (X) Looks Poised for a Rebound as the TD Sequential Indicator Flashes a Buy Signal on the Daily Chart

XRP, Ripple Labs’ native token, is garnering massive attention from crypto enthusiasts and is poised for a significant upside rally following the formation of bullish price action.

Cryptocurrency XRP, the native token of Ripple Labs, is grabbing the attention of crypto enthusiasts and is setting itself up for a potential rally.

According to the latest, a prominent crypto expert took to X (formerly Twitter) on February 8, 2025, to share their observations. In their post, they highlighted XRP as a token that appears poised for a rebound.

The post also includes an image of a technical indicator, known as TD Sequential, flashing a buy signal for the token.

However, it's worth noting that this prediction comes in the wake of a continuous price drop that XRP has experienced over the past few days, with losses amounting to 25%.

#XRP looks poised for a rebound as the TD Sequential indicator flashes a buy signal on the daily chart!

pic.twitter.com/cs19z9AwT7

— xrp (@xrp_scan) February 8, 2025

Prominent crypto expert posts on X (formerly Twitter) about XRP being poised for a rebound.

Moreover, traders and investors have shown a keen interest in the token, as reported by the on-chain analytics firm Coinglass.

Data pertaining to spot inflows and outflows reveals that exchanges have witnessed an outflow of a substantial $18 million in XRP tokens, indicating potential accumulation by whales and long-term holders.

Such an outflow from exchanges hints at potential buying opportunities and suggests that investors and long-term holders are taking advantage of the current market sentiment, continuing to accumulate XRP.

In another interesting development, intraday traders are betting on the bearish side, convinced that XRP's price will not experience upside momentum.

According to Coinglass data, traders are over-leveraged at $2.346 on the lower side, holding $20.80 million in long positions. In contrast, traders holding short positions are over-leveraged at $2.442, with $32.10 million in short positions.

These over-leveraged positions on both the short and long sides could indicate key support and resistance levels and may be liquidated if the price moves in either direction.

At the time of writing, XRP is trading close to $2.42 and has experienced a modest price surge of over 0.15% in the past 24 hours. During the same period, its trading volume dropped by 3.5%, indicating lower participation from traders and investors compared to the previous day.