Key Insights:
- XRP forms bullish divergence as RSI rises while price hits new lows on daily timeframe.
- $1.80 support zone holds strong again, keeping short-term bullish structure in play.
- A confirmed break above $2.20 may push XRP toward the $2.80–$3.00 resistance range.
XRP’s recent chart activity is showing a classic bullish divergence. While the price has continued to post lower lows, the Relative Strength Index (RSI) is forming higher lows on the daily timeframe. This signals a weakening in downward momentum, which can often lead to a shift in price direction.
The RSI has been trending upward since late November. This movement comes while the price remains under pressure, pointing to a possible change in sentiment. Bullish divergence is a widely observed signal in markets and tends to appear before price recoveries.
Support Around $1.80 Remains Intact
XRP continues to trade above a key support zone at $1.80. This level has been tested multiple times over the past few weeks and has so far held firm. The price has rebounded off this area again, suggesting that buyers are defending the level.
The asset was priced at $1.93, showing a 1% gain in the last 24 hours. However, it remains down 8.9% over the last 7 days. These moves suggest the broader trend is still under pressure, but short-term support remains active.
Breakout Above $2.20 May Lead to $2.80–$3 Push
The next level of interest is $2.20, where a descending trendline has been acting as resistance since October. Price action continues to respect this line. A move above it may change the direction of the current trend.
Trader Niels commented,
Source: Niels/XThe zone between $2.20 and $2.80 has limited visible resistance, giving room for a possible rally if volume supports the breakout.
Possible Short-Term Bounce to the 20 EMA
XRP remains below its 20-day Exponential Moving Average (EMA), which has consistently acted as resistance. A bounce back toward this average is expected if current buying interest continues.
According to ChartNerdTA, “RSI touchpoint in motion” supports a move toward the 20 EMA. The RSI is currently rising from its trendline, suggesting the start of a short-term recovery. If price reaches the EMA and holds, attention may shift back to the $2.20 breakout zone.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/analysis/xrp-set-to-explode-3-target-looms/
