๐จ XRP Quiet Before the Storm?
While $XRP
has been trading sideways recently, top technical signals suggest this calm could be the precursor to a powerful breakout.
๐ The Calm That Preceded Bitcoinโs 2024 Explosion
Back in summer 2024, #Bitcoin hovered between $59Kโ$60K for weeks as the MACD histogram flashed bearish. Yet, the price held strong. This price-MACD divergence marked the start of a major rally โ BTC soared past $100K by November.
๐ Now, XRP Mirrors That Same Setup
Today, #XRP is showing an eerily similar pattern:
Weekly MACD histogram dipped below zero in March โ bearish signal
But XRP price stayed resilient between $2.00 and $2.60
This divergence suggests bulls still control the market
๐ Key Moving Averages Flashing Bullish
Analyst Omkar Godbole highlights XRPโs strengthening structure:
๐ 50-Week SMA โ Positive short-term momentum
๐ 100-Week SMA โ Sustains mid-term interest
๐ 200-Week SMA โ Strong long-term support
๐ง MACD Divergence: A Classic Bullish Setup
Despite negative MACD readings, price stability signals that sellers are losing strength. This is a textbook bullish divergence โ often a precursor to large market moves, as seen in BTC, ETH, and SOL.
๐ How High Can XRP Go?
Should XRP break above the key $3.00 level, Godbole outlines the following targets:
๐น Resistance: $3.40 โ $3.50
๐ฏ Mid-Term Target: $4.20
๐ Long-Term Potential: $5.00+
โ ๏ธ Note: This is a technical outlook. External factors (e.g., SEC case, market sentiment) could influence XRP's path.
โ Bottom Line:
2024โs Bitcoin rally began with similar hidden signals. Now, XRP is showing the same signs:
Price defies bearish MACD
SMAs trending upward
Bulls refusing to back down
Is history about to repeat with XRP?
๐ Always remember: Technical analysis suggests probabilities, not certainties.