$XRP
🚨 XRP Technical Price Analysis: XRP/BTC Pair Flashes Bullish Divergence Signal 🚨
Despite Ripple’s (XRP) underperformance this week, analysts are pointing to a potentially bullish setup emerging on the XRP/BTC trading pair.
Cryptoinsightuk highlighted that the pair has returned to a historically reactive support level, coinciding with a bullish divergence on the RSI indicator—often a precursor to short-term rebounds.
As seen in the daily chart, XRP/BTC is trading around 0.00002206 BTC, where price action is pressing into a zone that previously triggered rebounds.
More importantly, while price dipped to retest recent lows, the Relative Strength Index (RSI) printed a higher low, forming a classic bullish divergence. This pattern suggests that bearish momentum may be waning, setting the stage for a reversal.
Bullish Scenario: If XRP/BTC confirms the bounce and reclaims 0.00002450 BTC in the coming sessions, it could rally toward the next major resistance near 0.00002800 BTC a zone last tested in March.
Bearish Invalidator: A drop below 0.00002180 BTC would break market structure and likely trigger extended downside toward 0.00001900 BTC, invalidating the bullish divergence setup and reinforcing broader weakness.
With over $165 million in short leverage stacked around $2.50 in the USD pair, bulls will need strong momentum, and perhaps a broader sentiment shift—to flip both key pairs bullishly.
Until then, XRP remains at a technical crossroads, with derivative traders and chart watchers locked in on whether the RSI signal marks a true turning point or another failed breakout attempt.
