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A closely followed crypto strategist says that XRP looks primed for a rally as it flashes a couple of bullish signals.

Analyst Ali Martinez says on the social media platform X that the Tom DeMark (TD) Sequential indicator is giving off a bullish reading for XRP.

The TD Sequential indicator aims to identify turning points in a market with a value of nine signaling a possible trend reversal.

Says Martinez,

“The TD Sequential shows a buy signal on the XRP four-hour chart, which could trigger a rebound to $0.63 or even $0.67!” 

Source: Ali Martinez/X

Martinez is also keeping an eye on the activities of XRP whales. According to the analyst, XRP whales have come back to life and are accumulating the altcoin under the radar.

“Despite XRP’s 18% price drop over the past 10 days, there’s a notable uptick in whale transactions and their holdings. This growing interest from major players could be a precursor to an XRP price rebound.” 

Source: Ali Martinez/X

At time of writing, XRP is trading at $0.60.

Looking at the peer-to-peer payments network Litecoin (LTC), Martinez says the crypto project registered a new record high in terms of transaction count.

“Litecoin registered one million LTC transactions on November 14 alone, marking a new all-time high.”

Source: Ali Martinez/X

At time of writing, LTC is worth $69.06.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/moxumbic/INelson

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