Red Alert for XRP: Analyst Points Out Sell Signals and Predicts Pullback

• Analyst predicts XRP crash.
• TD Sequential indicator points to sell.
• Price pullback forecast.

The XRP received a bearish warning from renowned cryptocurrency analyst Ali Martinez, who identified multiple sell signals on the token’s two-week chart using the TD Sequential indicator. The analysis, released on March 7, points to a possible pullback in the price of XRP, which was already showing a slight drop compared to the previous day.

Martinez, who has previously used TD Sequential to analyze XRP’s price action since 2022, highlighted the indicator’s reliability for the token. According to the crypto trading expert, XRP’s recent movement has reached a ceiling, indicating that a pullback is imminent. The 2,7% drop in the token’s price observed between March 6 and 7 seems to confirm the analyst’s bearish forecast.

“The TD Sequential indicator is flashing multiple sell signals on the $XRP 2-week chart, suggesting a possible shift in momentum!” wrote the analyst on March 7.

Source: TradingView/Ali Martinez

At the time of publication, the price of XRP was quoted at $2,53 with a drop of 3% in the last 24 hours. is XRP price action comes amid the announcement of a strategic Bitcoin reserve in the US. After a week of optimism in the cryptocurrency market, driven by rumors of a possible diversified strategic reserve in the country, President Donald Trump surprised investors by announcing a drastic change in plans.

The initial proposal, which included the acquisition of a variety of tokens such as XRP, ADA and DOGE, has been replaced by a strategy focused exclusively on government-seized Bitcoin (BTC), along with other confiscated cryptocurrencies in the future. Yesterday, Trump signed an executive order authorizing the creation of a strategic Bitcoin reserve, putting the leading cryptocurrency in the spotlight of government digital asset policy.

The turnaround had an immediate impact on the market, with major cryptocurrencies such as XRP, Dogecoin (DOGE) and Cardano (ADA) seeing drops of up to 9% today. Bitcoin, despite being the focus of the country's new strategy, also suffered a setback, falling more than 4% after reaching a high of US$ 93 thousand.

Notably reviews Recent reports from JPMorgan, led by Nikolaos Panigirtzoglou, have highlighted that the likelihood of cryptocurrencies XRP, ADA (Cardano) and SOL (Solana) being used as reserves in the United States is low. The bank expresses skepticism, especially given the legislative barriers and regulatory uncertainties that still surround these assets.