Duhast
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In January, XRP rose nearly 50%, briefly exceeding the $3.39 mark on January 18, which was the highest level in almost seven years. However, the rapid rally of the altcoin may face obstacles — technical indicators suggest a potential downward correction of 25%.
A key premise was the emergence of bearish divergence between the price of XRP and its daily Relative Strength Index (RSI). While the token's price climbed to multi-year highs, the RSI oscillator moved downwards, forming a descending pattern.
This divergence indicates that the upward momentum supporting XRP's growth is weakening, increasing the likelihood of a reversal in the coming days or weeks.#XRP $XRP
A key premise was the emergence of bearish divergence between the price of XRP and its daily Relative Strength Index (RSI). While the token's price climbed to multi-year highs, the RSI oscillator moved downwards, forming a descending pattern.
This divergence indicates that the upward momentum supporting XRP's growth is weakening, increasing the likelihood of a reversal in the coming days or weeks.#XRP $XRP
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