XRP Shows Bullish Divergence Amid Multi-Year Price Compression
- XRP’s price has remained within a defined range between the low-$2 and low-$3 since the peak of the 2018 cycle.
- Momentum indicators show higher lows on weekly charts, suggesting weakening selling pressure.
- The bullish divergence indicates a potential shift from short-term to longer-term holders, enhancing market stability.
- A breakout above the multi-year range could strengthen the case for revisiting previous all-time highs.
- Broader market trends show equities reaching record highs while metals lose momentum, indicating possible capital rotation into altcoins like XRP.
XRP’s current technical setup shows a significant bullish divergence, with momentum indicators forming higher lows despite price compression within a long-standing range. This suggests that selling pressure is weakening as short-term participants are replaced by longer-term holders.
If XRP can break above its multi-year range with conviction, it could pave the way for revisiting previous peaks, supported by broader market conditions favoring altcoin capital rotation. (Source)
