XRP Exhibits Positive RSI Divergence on Daily Chart

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3d ago

Technical Signal for XRP: Crypto analyst Steph Is Crypto has identified a bullish RSI divergence on XRP's daily chart, suggesting a potential shift in market momentum similar to a pattern observed during the 2022 bear market bottom.
Market Dynamics: The current RSI reading of 40.61 indicates that XRP is not oversold, and the bullish divergence suggests weakening selling pressure and building buying momentum, which could lead to a price reversal.
Historical Comparison: The repeating trend between the current chart and the 2022 setup indicates that XRP may stabilize before entering an upward trajectory, as seen in past price movements following similar divergences.
Caution for Traders: While the bullish divergence offers a compelling signal for potential market recovery, it is important for traders to remain cautious, as early signs of reversal do not guarantee significant price movements.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

XRP Exhibits Positive RSI Divergence on Daily Chart

About the author

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