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XRP price flashes classic ‘hidden bullish divergence’: Is $5 still in play?
XRP is flashing a familiar technical pattern that has historically preceded sharp short-term price rebounds. XRP’s 3-day chart shows a “hidden bullish divergence,” where the price forms higher lows while the relative strength index (RSI) posts lower lows. In technical analysis, most analysts perceive this pattern as a sign of weakening downside momentum. Two such divergences appeared in XRP’s recent history. The first formed in early 2022, leading to a 69% bounce before prices resumed their broader decline. The second emerged between late 2023 and early 2024, preceding a 49% rally that led to the price ... (full story)
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