According to a trading expert, XRP is forming a "9" sell signal on the TD Sequential — a pattern that typically indicates a trend exhaustion. Historically, this indicator has been used to predict short-term reversals, and further volatility is possible for XRP.
If selling pressure intensifies, Martinez identifies key support levels at $2.50 and $2.35. However, if XRP manages to stay above current levels and negates the TD Sequential signal, the primary resistance levels will remain at $2.80 and $3.
Meanwhile, despite the current challenges facing XRP, crypto analyst Dark Defender noted in a post on X from February 18 that the long-term upward structure of the token remains intact. Specifically, the token is showing a similar pattern to the breakout in 2017. Having surpassed two key resistance lines, it is now targeting levels above $5.