Altcoin
What’s Next for XRP Price as TD Sequential Flashes a Bearish Sell Signal?
The Ripple market is facing heightened uncertainty as the TD Sequential indicator signals a potential bearish reversal. This development comes at a time when XRP price has experienced increased selling pressure, notably from large-scale holders. Traders and investors are debating market trends to assess the next possible move for XRP price.
TD Sequential Sell Signal Suggests Potential XRP Price Correction
Analyst Ali Martinez has identified a sell signal on XRP price using the TD Sequential indicator. This technical tool, widely recognized for predicting trend reversals, has been reliable in the past when analyzing XRP price movements. The indicator recently flashed a “1” sell signal on the two-week chart, which suggests that the asset could enter a corrective phase.
Previous occurrences of this signal have successfully marked turning points in the market. In past cycles, the indicator identified key support and resistance levels, allowing traders to anticipate potential shifts in the altcoin price direction. The recent sell signal appears at the top of an uptrend, reinforcing concerns about a possible slowdown in bullish momentum.
This bearish signal coincides with an ongoing decline in XRP price, which has already experienced a notable downturn in recent days. Investors are now closely monitoring price action and additional technical indicators to determine whether this signal will lead to a prolonged downtrend or a temporary correction.
However, despite the bearish crypto market, a recent CoinGape report has highlighted the top three reasons Ripple could surge by 300% in March 2025. The report points to XRP’s MVRV ratio entering an opportunity zone, rising whale accumulation, and positive regulatory developments, including a potential closure of the SEC case and progress on XRP ETF filings.
Technical Indicators Show Mixed Signals
While the TD Sequential indicator suggests a bearish phase, other technical indicators provide a mixed outlook for XRP price. The Parabolic SAR, which tracks trend direction, has recently flipped below the price, indicating a potential shift in momentum. This could mean that the ongoing downtrend is weakening, allowing for stabilization or a possible rebound.
Similarly, the MACD (Moving Average Convergence Divergence) indicator reflects decreasing selling pressure. The MACD line remains below the signal line, confirming the existing bearish trend. However, the histogram bars have started shrinking, suggesting a reduction in crypto market bearish momentum. If the MACD line crosses above the signal line, it could serve as a bullish reversal confirmation.
Whales Increase Selling Pressure
In addition to technical indicators signaling a correction, recent market activity has added pressure to XRP price. Data from analyst Ali Martinez reveals that Ripple whales recently offloaded 370 million XRP in 96 hours. This substantial sell-off contributed to a sharp 16% decline in Ripple price over the same period.
The whale dumping event occurred as the altcoin fell from $2.5 to $2.1, raising concerns among investors about continued downward movement. The broader crypto market has also experienced volatility, with global financial conditions and liquidity constraints affecting sentiment.
At press time, XRP price stands at $2.24, down 14.03% over the past seven days, reflecting a bearish trend. Despite the decline, XRP maintains a strong market cap of $129.78 billion, with ETF speculation potentially driving a rebound.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The broader digital currency ecosystem is still undergoing massive bearish consolidation, with Chainlink (LINK) price also in the spotlight. At the time of writing, LINK price was changing hands for $15.41, up marginally by 0.17% in the past 24 hours. While volatility remains a significant guide for short-term investors, analytics platform Glassnode has shared insight into LINK’s accumulation distribution over time and its impact on potential price moves.
The Chainlink CBD Analysis: Key Clusters to Note
According to Glassnode’s insight on X, the Cost Basis Distribution (CBD) metric helps identify cost basis clusters, assess market resilience, and track investor positioning. The analytics platform noted that in 2021, wallets with a cost basis of $26 held around 11 million LINK.
Despite price fluctuations, a cluster built around $25 has refused to sell their LINK tokens. In 2023, another set of investors bought about 66 million Chainlink at $7. While these investors raised their cost basis since then, LINK price has shown resilience amid volatility.
As Glassnode pointed out, two clusters remain significant. These include the $16 price range, where investors bought 16 million LINK, and the $14.8 level with 53 million tokens.
“Despite recent price declines, supply at these levels has not been redistributed, indicating that holders at these cost bases remain in position rather than rotating out of the market,” the Glassnode analysis detailed.
Has the Chainlink Price Bottomed Out?
Despite the recovery moves, an earlier Bitcoin price analysis shows that the market is not out of the woods yet. With a recent flash crash, the crypto market recorded another liquidation worth about $430 million before slowing down.
Chainlink was caught in all these uncertain price actions but has showcased resilience amid each fall. In the past 24 hours, the coin traded within a very close range, from a low of $14.72 to a high of $15.69. This price action aligns with Glassnode projections on the token’s support and resistance levels.
The Chainlink price support is pegged at $14.8, and the resistance zone is approximately $16.
Chainlink as a DeFi Enabler
One key reason for the Oracle protocol’s resilience is its role in the Decentralized Finance ecosystem. Chainlink has developed solutions like its Interoperability protocol CCIP to help boost connections among DeFi players.
This innovation complements its primary role as a data resource, helping LINK retain its relevance in the altcoin world. Per an earlier LINK price analysis, the prospect of the coin jumping by 312% was explored, drawing on its growing ecosystem.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Shiba Inu price could surge by 450% in the near term buoyed by its long-term breakout holding. The trend is expected to trigger another growth spurt for Shiba Inu (SHIB) in the near term despite falling prices.
Shiba Inu Price Could Explode If Long-term Trend Continues
Pseudonymous analyst Javon Marks has identified a long-term trend for SHIB indicative of a massive price rally in the future. According to his post, SHIB is trading above its breakout level from late 2022 which is a sure-pointer for a surge.
Per Marks, a key price target for SHIB is the $0.000081 mark which appears to be an uphill climb. From present levels of $0.00001436, the projected Shiba Inu price is a massive 450% jump for the top meme coin.
“Shiba Inu continues to hold its breakout which took place in late 2022/early 2023 and prices are still majorly positive since,” said Marks. “With this price breakout holding, the target for SHIB continues to be at the $0.000081 point which is currently over 450% away.”
Marks points to the SHIB’s onchain data, highlighting “textbook bull signals” in long-term charts as proof for the projected price point. He adds that the slow pace of the run from late 2022 serves as confirmation for an eventual bullish run.
“This slower action can be aiding the longevity and scale of this run, meaning that this target level, through this sideways action, is looking more and more likely to be broken above,” said Marks.
Shiba Inu Continues To Trade Sideways
Shiba Inu price currently hovers at $0.00001446, rising by 1% over 24 hours. While its 7-day chart indicates a slight dip, the top memecoin continues to tread water as it eyes a breakout.
At the moment, Shiba Inu’s market cap stands at $8.5 billion with daily trading volumes of $273 million.
In the short term, traders are watching with bated breath for a looming death cross that could trigger a slump. Optimistic traders say the death cross may trigger a 20% rally for Shiba Inu price, citing similar pattern in 2023.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Pi coin price has hit a new all-time high (ATH), sparking a bullish outlook for the crypto. This rally to a new ATH, especially amid the downtrend in the broader crypto market, has cast doubts about the scam allegations against the Pi network.
Pi Coin Price Hits New All-Time High
CoinMarketCap data shows that the Pi coin price has hit a new all-time high of $2.98 today, just six days after it hit an all-time low of $0.6. This development is more significant considering that the coin has defied the odds and rallied amid the recent crypto market crash, which led to a significant price decline for Bitcoin, Ethereum, Solana, XRP, and other major digital assets.
Pi’s rally to a new ATH has again raised discussions about whether the Pi network is a scam. Prior to the network’s mainnet launch, some crypto community members had described it as a scam, and also, after the launch, these scam allegations persisted as the Pi coin price crashed to new lows.
In fact, Bybit CEO Ben Zhou labeled the Pi network as a scam and reiterated that his exchange wouldn’t list the token. Meanwhile, in an X post, crypto influencer SHIB Gems opined that the Pi network is a scam even though he believes market participants can still make money from the coin.
Network Responds To Scam Allegations
In an X post, the Pi network responded to Ben Zhou’s scam allegations. The team stated that the network is not affiliated with, nor did it authorize or engage in any activity that is related to the Chinese police’s warning. They also added that the network has not been contacted by any police department in China regarding any scam incident.
The team further described the Pi network as a “legitimate platform.” According to them, this is obvious based on its six-year track record and over 60 million engaged users. They also explained that the delay in the network’s mainnet launch, which took place on February 20th, was deliberate to ensure the project was successful and fully developed before launch.
The delay also happened because the team wanted a well-established community to mitigate challenges other launches face, including actions that unaffiliated bad actors perpetrate. Meanwhile, they reaffirmed that the Pi network isn’t associated with the social media accounts that attacked the Bybit CEO and condemned those who made these comments against Zhou.
Pi Coin To Hit $10
Following the rally to a new ATH, crypto analyst Gem Hunter has predicted that the Pi coin price could still rally to as high as $10. He noted that despite other coins dumping and the market being bearish, Pi still hit $2.
The analyst alluded to a potential Binance listing, which looks to be among the reasons he is confident that the Pi coin price can trade above $5 and possibly hit $10. The analyst rightly predicted that Pi would hit $2.8, which has happened even before the top crypto exchange listed the coin.
Crypto community member Moon Jeff asserted that Pi is coming to Binance. He revealed that 192,000 Binance users had voted for the Pi listing on the top crypto exchange as of yesterday. On the other hand, 29,000 users have voted against the coin’s listing.
Seeing that most have voted in favor of a listing, Moon Jeff stated that Binance might list the Pi network soon enough. A Binance listing is undoubtedly bullish for the Pi coin and could send its price to new highs. However, it is worth mentioning that many Pi users have yet to receive their allocations. As such, the coin could witness significant selling pressure when users receive their tokens.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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