$XRP
🚨Bullish Divergence Sparks Reversal Hopes🚨
Technical analysis of XRP’s four-hour chart reveals a classic bullish divergence—a condition where the price makes lower lows while the Relative Strength Index (RSI) makes higher lows. This disconnect between price and momentum often indicates that the recent bearish trend is fading.
Adding to the bullish setup is the formation of a Dragonfly Doji candlestick on the daily chart, characterized by a long lower wick and minimal upper shadow. Historically, this pattern has signaled a reversal, with XRP previously rallying 65% after a similar setup in April.
Crypto analyst Cryptoes emphasized that the $2.80–$2.95 support range remains a “make-or-break” level. Holding this support could pave the way for a sustained move higher.