“XRP is showing a strong buy signal,” writes analyst Ali Martinez, known on X, in a post.

His recommendation is based on the so-called TD Sequential. This indicator measures exhaustion tendencies in price movements. According to Martinez, XRP recently formed a pattern that has often indicated a trend reversal in the past.

Ripple’s cryptocurrency has come under significant pressure in recent days. After a weekly high of $3.20, the price fell back just below the $3 mark. However, according to Martinez, this could be a classic “buy the dip” opportunity.

Other analysts partially support this assessment. Trader ERGAG CRYPTO emphasized that XRP is “ready for a breakout” as long as the price does not close below $3 on a daily or three-day basis. Should this happen, a decline towards $2.90 is imminent.

At the time of writing, XRP is trading at $2.97 – a slight decline of 0.3 percent compared to the previous day.

Investors are pinning their hopes on the launch of various Ripple ETFs on Wall Street, which could push the price back toward its all-time high of $3.84. A first index fund has already broken records.

Interest in a Ripple ETF is correspondingly high among providers. Currently, around 20 additional ETFs are still awaiting approval. However, major names like Fidelity or BlackRock are missing.

Beyond the technical charts, the network behind XRP continues to grow. Data from XRPScan shows that the number of active accounts on the XRP Ledger has now exceeded the seven million mark. Each of these accounts holds at least one unit of XRP. Observers see this as an indication of increasing usage and growing adoption.