This development signals bullish momentum for XRP

This development signals bullish momentum for XRP holders and suggests the current price may offer a strong buying opportunity.

Additionally, a popular crypto expert on X (formerly Twitter) highlighted that the TD Sequential indicator had flashed a buy signal for XRP, which was followed by a noticeable price rebound.

Another factor that potentially drove today’s XRP rally is the presence of aggressive buyers in the futures market, as revealed by on-chain analytics platform CryptoQuant.

The Futures Taker CVD (Cumulative Volume Delta) from October 17th to 24th shows strong green bars, indicating continuous buying pressure