A respected technical analyst has identified a potential buying opportunity for XRP holders, based on recent market trends and a unique technical indicator. Chart patterns suggest a possible rebound as the price of XRP approaches $3.00 after a recent downturn. renowned chart analyst Ali recently shared his analysis on X (formerly Twitter), highlighting a ‘9’ candle pattern on the TD Sequential indicator. This pattern signals potential exhaustion from selling pressure, which could pave the way for a short-term bounce. Ali’s signal is based on previous successful timing of market peaks, adding credibility to his prediction. The TD Sequential, a tool used by many traders to identify periods of trend reversal, shows a ‘9’ candle pattern indicating seller exhaustion after recent declines. This suggests a possible change in momentum, potentially leading to a price rebound. Other analysts have confirmed Ali’s findings, further strengthening the argument for a potential buy signal. XRP’s current trading volume is high, showing increased activity as sellers exit at a rate. This could be a sign of capitulation – where weak hands sell off – and create conditions for a swift rebound. Ali’s analysis also aligns with on-chain data showing heightened XRP wallet activity during the recent selloff, suggesting an accumulation trend by more experienced investors. While this signal is compelling, traders are advised to exercise caution and implement strict stop-loss orders to prevent potential losses. The ‘9’ candle pattern alone may not indicate a long-term reversal, but it could point towards a short-term bounce. Whether the ‘9’ signals a sustained rally or merely a temporary pause will depend on how XRP price action unfolds in the coming sessions. This analysis offers a valuable technical marker for those following the cryptocurrency market.