After dipping from $3.10 earlier this week to lows near $2.98, the asset has printed a TD Sequential buy signal — a pattern that often marks the end of a sell-off and the beginning of a recovery.

Analyst Ali Martinez flagged the signal on September 20, noting that the indicator has historically identified exhaustion points in bearish phases. If XRP can reclaim $3.10 and hold above it, chart watchers see room for the price to climb toward $3.20 and potentially $3.50 in the short term.

The technical setup comes at a time when market sentiment is shifting thanks to fresh institutional exposure. The launch of the REX-Osprey XRPR ETF, which tracks XRP price movements through derivatives, saw $37.7 million in first-day trading volume — the best debut for any crypto ETF this year. While the fund doesn’t directly hold XRP, its strong start is being interpreted as a sign of pent-up Wall Street demand.

Regulatory decisions could provide another catalyst. U.S. agencies are due to review applications for spot XRP funds in October, raising hopes that more direct products will open the door for institutional inflows.

For now, XRP is trading at $2.99, almost exactly in line with its 50-day moving average. The longer-term 200-day average sits comfortably lower at $2.56, suggesting that the broader uptrend remains intact despite recent sideways price action. Momentum indicators also show a neutral stance, leaving room for bulls to take control if buying pressure picks up.

With the $3 psychological level acting as the immediate battleground, traders will be watching closely to see whether the buy signal delivers on its promise — or if XRP drifts back into deeper consolidation.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post XRP Price: Buy Signal Points to New Bullish Target appeared first on Coindoo.

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Filed under: Bitcoin - @ September 22, 2025 4:05 am