XRP has generated a technical buy signal that could push prices toward $2.50, but the rally depends entirely on whether the token maintains support above $1.90.
What Happened: Technical Signal Emerges
Analyst Ali Martinez posted on X that the TD Sequential indicator—a technical tool measuring price exhaustion—has flashed a buy signal for the asset. Martinez emphasized that the bullish scenario remains valid only if XRP holds above the $1.90 threshold, a level he previously identified as critical for determining the token's trajectory.
Martinez's analysis indicates XRP could reach $2.50 if it maintains current support levels.
However, there are three significant sell walls standing between current prices and that target: $2.10, $2.15 and $2.25.
The $2.50 level was last observed over a month ago, just before Canary Capital launched XRPC, the first XRP exchange-traded fund.
Since then, the token has declined to approximately $2.00 despite nearly $1 billion in net inflows across five XRP ETFs and multiple partnerships and regulatory approvals from Ripple.
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Why It Matters: Technical Crossroads
The technical signal arrives as XRP faces contradictory market conditions—substantial institutional inflows through ETF products contrasted with persistent price weakness.
The $1.90 support level now represents a critical decision point that could determine whether the token reverses recent declines or extends losses toward the $1.20 level Martinez previously identified as a downside target.
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