XRP has slipped on the back foot, trading around $2.18, down about 1.58% over the last 24 hours. But beneath the red numbers, there is a very interesting setup that could shape the price movement over the next several days.
Weekly Chart Still Shows a Larger Bearish Divergence
On the weekly chart, XRP is still dealing with a long-running bearish divergence that has been unfolding for months. This signal has not been invalidated yet, and analysts say it continues to influence the broader trend. It is not something that turns around quickly, and it is the main reason XRP has struggled to maintain momentum each time it attempts a breakout.
In the short term, however, the picture looks different. The daily time frame shows a clear bullish divergence forming, with the price making lower lows while the RSI makes higher lows. This means selling pressure is weakening and a small relief bounce or sideways consolidation is becoming more likely.
Important Levels To Watch
The immediate zone to watch is the $2.30 to $2.40 region, which is shaping up as a heavy resistance cluster. XRP has failed to break through this area multiple times in recent weeks, and the analyst said that the price could once again struggle as it retests this zone.
A clean breakout would require at least one daily candle closing above $2.40, followed by the price actually holding above that level. If that happens, the next major target is around $2.60, a level that has historically acted as a strong ceiling.
On the downside, if XRP gets rejected again, strong support is sitting between $2.05 and $2.07, an area that previously prevented a much deeper drop. As long as the bullish divergence on the daily chart remains active, XRP may continue to show signs of recovery, even if the broader weekly bearish trend is still technically in place.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
XRP is slightly down today near $2.18, but short-term indicators show weakening selling pressure, suggesting a possible small bounce or sideways move.
XRP shows a long-term bearish divergence but a short-term bullish one, meaning the trend is weak overall but short rebounds are still possible.
While XRP shows short-term bullish signs, a major long-term bearish trend persists. It faces strong resistance at $2.40, making a breakout challenging for sustained growth.
Current analysis shows a possible short-term bounce, but key resistance is at $2.30-$2.40. Waiting for a confirmed breakout above this zone would be a more conservative strategy.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
