XRP trades well within bearish territory, but an emerging bullish divergence on the daily chart could spark a price reversal to greater heights.
XRP Shows Resilience
No doubt the market is falling, but XRP has shown strength compared to most other cryptocurrencies. Bitcoin is down 14.8% in the past seven days; Ethereum and Solana have corrected 16.2% and 18% in the same timeframe, but XRP has a milder 13% decline.
XRP Could Bounce from Here
Furthermore, the commentator identified a developing bullish divergence on the daily chart, with the potential to spur a price rebound. An accompanying chart further elaborates on the divergence between XRP’s price action and the relative strength index (RSI).
XRP Bullish DivergenceXRP has been trending on a lower low pattern since the October 2 high of $3.10. The coin fell from the resistance area to the October 10 low and has continued to make new lows after each lower high formation.
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