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

REX Shares Launches TREX 2X Long Strive Daily Target ETF

REX Shares has launched the TREX 2X Long Strive Daily Target ETF, aiming to deliver 200% of the daily performance of Strive Asset Management shares influenced by its Bitcoin treasury.

user avatarKaterina Papadopoulou

Bitwise Submits Updated Prospectus for XRP ETF Trust

Bitwise has filed an updated prospectus for its XRP exchange-traded fund trust on September 21, reflecting ongoing regulatory efforts.

user avatarMaya Lundqvist

New York Life Investment Management Partners with Centrifuge for On-Chain Bond Strategy

New York Life Investment Management has partnered with Centrifuge to tokenize a US high-yield corporate bond strategy on the Avalanche blockchain, allowing institutional buyers to use USDC for subscriptions and redemptions.

user avatarLeo van der Veen

ShredPay Partners with Jack Henry to Enhance Digital Asset Integration

ShredPay partners with Jack Henry to enable banks and credit unions to access stablecoin and digital asset services.

user avatarLi Weicheng

Strive Increases Bitcoin Holdings to 26,355 BTC

Strive has disclosed a purchase of 1,355 BTC, raising its total Bitcoin holdings to 26,355 BTC.

user avatarAisha Farooq

Broadcom Set to Gain from Alphabet's Custom TPU Sales

Broadcom is set to benefit from Alphabet's decision to sell custom TPUs to external data centers, enhancing its AI semiconductor revenue through a long-term agreement until 2031.

user avatarBayarjavkhlan Ganbaatar

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.