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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Chainlink Expands Its Network with 12 New Integrations

chest

Chainlink has announced 12 new integrations across 10 blockchains, enhancing its crosschain data and infrastructure capabilities.

user avatarAisha Farooq

Flowra's Auction Framework Aims to Professionalize MEV Infrastructure

chest

Flowra's launch of the Open Orderflow Auction framework on August 21 aims to professionalize MEV and blockbuilding infrastructure on Solana, promoting a transparent and competitive transaction-ordering market.

user avatarTenzin Dorje

Honeypot Integration Gives Solana Validators More Control

chest

Honeypot integration allows Solana validators to customize block policies, enhancing control over transaction handling.

user avatarBayarjavkhlan Ganbaatar

Flowra Introduces Open Orderflow Auction for Solana Validators

chest

Flowra has launched its Open Orderflow Auction framework for Solana validators, introducing a third-party blockbuilding and MEV auction system designed around short, competitive ordering windows.

user avatarMohamed Farouk

AI Agents Execute 33 Million USDC Payments on Solana's x402 Protocol

chest

AI agents have executed 33 million USDC in payments over the x402 protocol on Solana in just one week, showcasing a new use case for machine-to-machine payments with stablecoins.

user avatarElias Mukuru

Solana Validators Vote on Governance Proposal SGP0003

chest

Validators on the Solana network are voting on governance proposal SGP0003, which aims to restructure the fee model and potentially increase daily SOL burns.

user avatarDiego Alvarez

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.