XRP Flashes Bullish MACD Divergence, Eyes Breakout Toward $27
XRP is gaining attention after a major bullish divergence appeared on the MACD (Moving Average Convergence Divergence) indicator, hinting at a potential breakout. This technical signal, where price forms lower lows while MACD shows higher lows, often suggests weakening bearish momentum and a possible trend reversal.
Currently, XRP is trading near a key resistance zone around $0.70–$0.85. A strong breakout above this level could trigger a significant rally, with analysts pointing to $1.50 as an initial target. However, some long-term projections highlight $27 as a potential upside, fueled by a combination of technical patterns, speculative momentum, and expected regulatory clarity.
A favorable outcome in Ripple's ongoing legal battle with the SEC could be a game-changer, removing a key hurdle for investor confidence. Additionally, Ripple’s global expansion and growing adoption of its On-Demand Liquidity (ODL) service are enhancing XRP’s utility.
While the $27 target remains ambitious, the bullish MACD signal, combined with improving sentiment and stronger fundamentals, suggests XRP could be nearing a decisive turning point. Traders are watching closely, as a confirmed breakout could mark the start of a powerful upward move.
Disclaimer: This is not financial advice. Please do your own research before investing.
