Ripple’s XRP Faces Potential Correction Despite 30% Monthly Rally

Following a dramatic 30% surge from its recent lows, Ripple’s (XRP) price is showing signs of potential correction. Technical indicators suggest a possible dip in the near future despite the asset’s notable rise in the past month. Analyst Ali Martinez highlights a key trend: XRP’s current trading range appears to be fluctuating between two crucial support and resistance levels. The TD Sequential indicator, used to identify exhaustion within an asset, has flashed a sell signal on the 3-day chart. Martinez warns of this potential downturn, stating that it could signify a reversal from the recent price surge.