XRP Price Today: XRP Forms Bullish Divergence as RSI Flashes the Same Bottom Signal Seen Before Its Last Major Rally
Brave New Coin
XRP is showing a bullish divergence on the RSI, a signal similar to that preceding its 2022 rally, while analysts watch resistance near $2.60.Summary
XRP is consolidating while exhibiting a bullish divergence on the daily Relative Strength Index (RSI), where the indicator rises while the price sets lower lows, suggesting weakening bearish momentum. This pattern mirrors the signal seen before XRP's major rally in 2022. Furthermore, Elliott Wave analysis suggests XRP might be approaching the final fifth wave of an upward cycle, holding above 2021 cycle highs. Analysts have identified $2.60 as a critical resistance level; breaking this point with high volume could potentially propel XRP toward $4, nearing its all-time high, though this depends on increased market participation. At the time of reporting, XRP was trading around $2.22.
(Source：Brave New Coin)