XRP is currently undergoing a notable pullback after reaching a local high of $3.55 in mid-July. The correction appears to be gaining momentum, and according to respected crypto analyst Ali, the decline may not yet be over. In a recent post on X, Ali revealed that the TD Sequential indicator has flashed a sell signal on the 3-day chart, pointing to further downside risk. He identifies $2.40 as the next key support level that traders should closely watch. The TD Sequential is a momentum-based indicator used to detect trend exhaustion and potential reversals. A sell signal typically emerges when an asset has experienced sustained upward pressure, suggesting it’s due for a pause or correction. $XRP continues to pull back after the TD Sequential flashed a sell signal on the 3-day chart. The next key support level to watch is $2.40! pic.twitter.com/UV1qqdNJV7 — Ali (@ali_charts) August 3, 2025 In XRP’s case, the indicator began flashing red shortly after its steep climb from below $2.00 to nearly $4.00, with the price action now validating the warning through a gradual decline. XRP Price Action and Technical Picture As of report time, XRP is trading at $2.89, continuing its descent from July’s peak. The price has already tested a low of $2.80 in recent sessions, briefly finding support before bouncing slightly. However, the recovery has been weak, and without a clear push above $3.00, market sentiment remains bearish in the short term. Ali’s projection of $2.40 as the next critical support is technically sound. The level represents a former resistance zone that now aligns with key horizontal structure from late June and early July. It also sits near the midpoint of XRP’s last consolidation range before the breakout, making it a logical area where buyers may re-enter if the downtrend continues. Volume has noticeably decreased during the pullback, a typical sign of cooling momentum rather than panic selling. Still, the lack of strong buyer interest raises concerns about the sustainability of XRP’s prior rally without a clear consolidation base. Technical indicators such as the Relative Strength Index (RSI) have also dropped from overbought levels and now hover in neutral territory, reinforcing the likelihood of further correction before another leg higher. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What Comes Next? The coming days will be crucial for XRP. A successful defense of the $2.40 level could trigger renewed bullish momentum and set the stage for a rebound toward $3.10 and beyond. However, a clean break below this support would expose XRP to a deeper pullback, with the next logical area of interest sitting near $2.20. Despite short-term weakness, XRP’s broader trend remains constructive. The asset continues to hold above key long-term moving averages, and institutional interest in Ripple’s technology and products remains strong. Nevertheless, in the near term, Ali’s warning serves as a timely reminder that even in bull markets, corrections are natural and necessary. For now, all eyes are on $2.40. Whether XRP finds its footing there or slips further will likely define the asset’s price action heading into mid-August. As always, traders are advised to remain cautious, monitor support zones, and wait for clear confirmations before making decisive moves. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Expert States XRP Next Key Support to Watch appeared first on Times Tabloid .
