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

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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.

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