XRP falls 9.5% triggering a technical buy signal, Ethereum's 12-hour chart shows a bearish pattern.

XRP fell 9.5% this week, and the TD Sequential indicator issued a weekly buy signal after nine consecutive Bearish lines, suggesting that the bearish trend may be weakening. Meanwhile, Ethereum's 12-hour chart showed nine consecutive Bullish lines, and the TD Sequential indicator issued a bearish signal, erasing recent Rebound gains.

These two TD Sequential signals have not yet been confirmed, and traders are closely watching whether the price will reverse or continue to decline. Analyst Ali Martinez stated that the drop in XRP price is related to technical analysis signals, as the TD Sequential indicator has generated a buy signal on the weekly chart, suggesting that the trend may reverse.

The TD Sequential indicator is divided into the Setup phase and the Countdown phase. In the Setup phase, the indicator counts the K-lines of the same polarity, with a maximum of nine. When nine K-lines are formed, a potential reversal signal is generated. The signal before a red K-line is bullish, while the signal before a green K-line is bearish. The Countdown phase can count up to thirteen K-lines, indicating trend exhaustion or potential reversal.

Martinez pointed out that the XRP weekly chart shows nine red candlesticks, indicating that the bearish trend may be nearing its end. Meanwhile, the Ethereum 12-hour chart has completed a setup of nine green candlesticks, generating a bearish signal that caused its price to fall back to the level before the rebound.

The market is still observing the effectiveness of these technical indicators, with traders focusing on whether the prices of XRP and Ethereum will experience the expected rebound or continue the falling trend.