Watch out! After 55 days seeing XRP as if it were in hibernation mode 🐻, there is finally a piece of data that raises an eyebrow. It's not an explosive pump, but it's the technical signal that serious analysts were waiting for to say: "The drop is losing strength."
Right now, XRP is fighting near $2.02. Yes, it has fallen by 9% in the last week, but wait! 🛑 There is something called Bullish Divergence on the daily chart. Imagine that the price of XRP keeps falling (making lower lows), but the strength indicator (the RSI) says: "Hey, I'm making higher lows!". It's like the car's engine 🚗 is overheating even though the car is moving slowly. This mismatch is an early but very powerful signal that buyers are recharging and the selling momentum is drying up.
Pros like ChartNerd say that as long as the RSI doesn't drop from where it is (now at 37) and that difference remains, the signal is valid. And watch out for this gem: the key support of $1.75. This is not just any support; it is the monthly closing high of the bull run of 2018! That XRP has remained above that level for more than a year, no matter what happens, for CryptoBull is proof that 'this is NOT the maximum.' In other words, the fat bull cycle is not over yet. Boom! 🤯
And to top it off, there are two more patterns:
EGRAG CRYPTO saw a possible Bullish Pennant in the XRP/BTC chart. The heaviest part is that XRP is above its 50-month moving average (50 EMA), which in 2021 was an impossible wall to break. That is a brutal market structure change. They expect a breakout in the next 3 to 6 months.
ChartNerd also says that we are at the lower end of an accumulation range (the famous Wyckoff cycle). This means that whales 🐋 could be buying cheap before the big move.
In summary: The current price is low, people are scared, but the underlying technical signals (Divergence, Historical Support, and the structural change with the 50 EMA) scream that something BIG is brewing.
Now the million-dollar question is: Do you think these technical signals will be the spark that ignites the XRP rally or does the bear market have the final word?$XRP

