Crypto Veteran Warns: XRP Price Is Due to a Pullback After 11% Pump

The XRP price pumped around 11% in the last couple of days and is now trading at $2.69. This is still below current bull run peak for Ripple's token

Crypto veteran Ali Martinez has warned that XRP might be due for a pullback after a recent 11% price pump.

According to Martinez, XRP’s price action on the 3-hour chart is showing signs of slowing down. The TD Sequential indicator is also flashing a sell signal, suggesting that the recent upward trend could be running out of steam.

This comes as XRP is trading at $2.69, having surged by around 11% in the last couple of days. The price is still below the current bull run peak for Ripple’s token, set around $3.30 in January.

Ali Martinez, a crypto veteran with over 120k followers on X, just posted a viral XRP chart with a worrying sign for holders.

After rising by 11% in the last couple of days, XRP’s price is now at $2.69. This is still below the current bull run peak for Ripple’s token, set around $3.30 in January. However, a crypto veteran is now warning that XRP might be due for a pullback.

Ali just posted his analysis on X, sharing a 3-hour XRP chart with a worrying technical signal. The TD Sequential indicator is now flashing a sell signal, suggesting that the recent upward trend might be getting tired.

This indicator, created by market analyst Tom DeMark, helps traders spot potential market reversals. When it shows a “9” signal, it usually means that the current trend might be running out of力はいる and could reverse soon. Many crypto traders like this indicator because it can often predict price turns.

Ali's XRP 3-hour chart is showing some red flags. The TD Sequential indicator just flashed a sell signal, suggesting the recent upward move might be getting tired.

While XRP has been on a nice run lately, jumping 11%, the latest price action isn’t looking as strong as before. XRP is currently bouncing around between $2.75 and $2.80, and it seems to be having a hard time pushing higher.

Recent candlesticks are also getting smaller, which often happens right before a price drops. If you're watching XRP, keep an eye on the $2.65-$2.70 range. This is where buyers might step in if the price starts falling.

But if it drops below this zone, we could see an even bigger dip. For XRP to keep climbing, it needs to stay above $2.70 and eventually break past $2.80. This would show that buyers are still in control.

However, with the current TD Sequential sell signal and weakening price action, a short-term drop seems more likely.

The way traders are acting right now suggests that some of them are cashing in their profits. When you combine this with the technical signals we're seeing, it looks like XRP might need to take a breather before making its next big move.