XRP Price Decreases by 6%, Potential Rebound Due to Bullish Divergence

user avatar

by Giorgi Kostiuk

2 years ago

While the price of XRP has fallen more than 6% over the past 24 hours, analysts have noticed signs that may indicate a potential recovery of the token in the near future.

Current Situation with XRP

According to CoinGecko data, the price of XRP, a cryptocurrency affiliated with Ripple, has decreased by more than 6% in the last 24 hours. This makes XRP the worst-performing token in the top 10 amid a drop that occurred on Thursday. Other major tokens, such as Cardano (ADA) and Dogecoin (DOGE), also fell by 5.9% and 5.7%, respectively.

Bullish Divergence: What It Means

According to 100eyes Crypto Scanner, the XRP/USDT pair on the hourly chart has shown bullish divergence. This phenomenon occurs when the Relative Strength Index (RSI) is rising despite falling prices. Such behavior often signals a weakening of the current bearish trend and may foreshadow a rebound.

Factors Influencing Future XRP Growth

Despite a recent short-lived rally following the launch of Ripple's RLUSD stablecoin, XRP is still 36.3% away from reclaiming its record high achieved in early 2018. However, among the factors that could influence further growth of XRP in 2025 are SEC's newfound crypto-friendliness and the growing buzz around XRP ETF.

Some analysts remain optimistic about the future of XRP, believing that current trends and potential growth factors could lead to a recovery of the token's price in the future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

OCC Releases New Guidelines for AI in Banking

The US Office of the Comptroller of the Currency (OCC) has released its first supervisory framework for artificial intelligence in banking, focusing on the implications of AI mistakes rather than its capabilities.

user avatarJesper Sørensen

Trump Media Technology Group Shares Experience Significant Decline

Shares of Trump Media Technology Group plunged 14.29% to $5.10, extending a decline that had been ongoing prior to the midterm elections.

user avatarRajesh Kumar

Technology Stocks Show Mixed Results After US Midterm Elections

Technology stocks showed mixed results after the US midterm elections, with some companies gaining while others declined.

user avatarLucas Weissmann

SEC Provides Regulatory Clarity for Canton Coin

The SEC classifies Canton Coin as a digital commodity, providing regulatory clarity for its issuance and distribution model.

user avatarFilippo Romano

Bitbase Launches ORIGIN Points Program to Reward User Engagement

Bitbase has launched the ORIGIN Points program to reward user engagement over 26 weeks, distributing 1,000,000 points weekly starting November 4, 2026.

user avatarEmily Carter

Bitbase Launches ORIGIN Points Program to Reward User Participation

Bitbase has introduced ORIGIN, a new points program rewarding user participation over six months.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.