# Leading Expert Indicates an XRP Purchase Based on Chart Data
Crypto expert Ali Martinez anticipates a possible modest price increase for XRP shortly.
Martinez posted a chart featuring a TD Sequential indicator on X, hinting at a likely price rise.
The TD Sequential indicator serves as a specialized instrument employed to identify trend weakness and prospective reversals in financial markets, encompassing crypto assets. It scrutinizes price configurations and sequential tallies to aid traders in forecasting momentum alterations, thereby signaling instances when an asset might be overbought or oversold.
XRP is presently valued at $2.41, exhibiting a slight daily shift of 0.04%, denoting market steadiness. Its market capitalization totals $140.17 billion, reinforcing its standing within the crypto sphere.
Trading volume has surged notably by 36.95% over the preceding 24 hours, attaining $2.69 billion, thereby indicating heightened investor engagement. Concurrently, XRP’s fully diluted valuation (FDV) amounts to $241.03 billion, underscoring its enduring market prospects.
XRP’s volume to market cap ratio stands at 1.92%, suggesting reasonable liquidity. The aggregate supply remains at 99.98 billion XRP, nearing its maximum supply of 100 billion, thereby upholding scarcity and demand.
Notwithstanding minor price oscillations, XRP’s escalating trading volume implies burgeoning interest, rendering it a pivotal participant in the crypto landscape.
## When Will XRP Emerge?
XRP is presently encountering a crucial assessment as its price undergoes compression by the 50-day Exponential Moving Average (EMA), a significant resistance threshold that has demonstrated resilience. Exchanging hands around $2.36, the asset’s inability to surpass this impediment could dictate its forthcoming major maneuver.
Optimists have been endeavoring to sustain impetus, whereas pessimists are aiming to leverage this dismissal to propel the price downward. A failure to ascend beyond $2.50 could substantially augment the probability of a recession for XRP.
Conversely, $2.30 functions as a pivotal support echelon.
If the distribution accelerates and the cost falls under present values, XRP may additionally fall to a crucial support stage of $2.11. Traditionally, the 200-day Exponential Moving Average (EMA) has functioned as a strong dynamic aid, and a retest of this cost is affordable if the present fashion weakens. SHIB Burns Increase by 771,019%
However, if XRP efficiently breaches the 50-day EMA and stabilizes above $2.50, it may trigger a bullish breakout. In that situation, the subsequent goal could be $2.70, with $3.00 serving as a mental resistance stage.
