SuperTrend indicator signals buy in $XRP, points to $1.25 target after sharp sell-off
After last week’s steep selloff, the price of XRP is showing early signs of recovery. According to crypto analyst Ali Martinez, the SuperTrend indicator has generated its first buy signal on XRP’s four-hour chart since mid-June. Coinciding with this development, XRP has started forming a more balanced upward base between $1.08 and $1.10.
Shift in key technical indicator
Martinez notes that the SuperTrend indicator’s entry into the green zone could open a path for XRP toward the $1.25 level. This projection suggests a potential 14% price rise from current levels. Martinez also reminds investors that, in the past, a similar SuperTrend buy signal was followed by a 14% spike in XRP’s price within a short timeframe.
Mini glossary: The SuperTrend is a technical indicator that combines price and volatility data. Investors frequently use this tool to monitor trend direction and potential shifts in support or resistance.
Historical data shared by Martinez indicates that the model provided notable signals not only in bullish phases but also during downtrends. The SuperTrend previously predicted two significant local pullbacks in XRP, marking declines of 19% and 16%. For this reason, the indicator’s renewed bullish signal is seen as a technical sign that selling pressure has weakened.
Key resistance and support levels to watch
In the near term, analysts and traders are focusing on three critical technical thresholds. First, XRP needs to establish itself clearly above the $1.10 mark. A convincing breakout here could indicate a strengthening in buy-side liquidity.
| Level | Significance |
|---|---|
| $1.10 | First key breakout level |
| $1.13–1.15 | Intermediate resistance zone |
| $1.25 | Highlighted target in the analysis |
| $1.00–1.04 | Support area needed to sustain the bullish scenario |
The next step involves surpassing the intermediate resistance band between $1.13 and $1.15. Temporary pauses and profit-taking may occur in this range, but breaking through it is crucial. Ultimately, crossing and maintaining levels above the $1.25 target would provide stronger confirmation that the previous downtrend has been technically reversed.
Conversely, for the upward scenario to remain intact, holding the $1.00 to $1.04 support block is critical. As long as XRP stays above this zone, bullish expectations are preserved. However, if the price drops below $1.04, the technical outlook could weaken, bringing the psychologically significant $1.00 level back into focus.
The post SuperTrend indicator signals buy in $XRP, points to $1.25 target after sharp sell-off appeared first on COINTURK NEWS.
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