XRP price rises with two bullish signals on the radar

Ripple is currently emitting interesting technical signals that point to a possible price change. The coin currently stands at $1.07, a rise of 2.3% in 24 hours. Two specific patterns are drawing the attention of technical analysts.

XRP is available at OKX and Bybit.

Tom DeMark Sequential gives buy signal

The Tom DeMark Sequential indicator system has generated an important signal. The indicator shows a so-called “9” candlestick, which historically indicates that a short-term rise may follow. This pattern usually leads to a recovery rally that can last one to four daily candlesticks.

This technical signal is used by many traders to detect potential momentum dips and to observe whether a trend reversal is occurring.

Morning Star Doji pattern suggests bottom

In addition to the Tom DeMark signal, the price is also forming a classic Morning Star Doji formation. This candlestick configuration, consisting of three consecutive daily sessions, is traditionally seen by technical analysts as a sign that a local bottom has been reached. This pattern points to a possible shift from bearish to bullish sentiment.

Both signals together suggest that XRP is at a turning point. If there is increasing buying volume, the coin could potentially rise towards $1.30, which would mean a gain of more than 20% from the current level. The coming days are crucial for confirming or rejecting this bullish setup.