BULLISH 📈 : XRP shows bullish divergence, momentum builds for potential breakout

After a period of stagnant price movement, XRP is drawing attention due to a significant change observed on the weekly chart by a well-known crypto trader. This technical signal has historically appeared near major turning points, sparking discussions about a potential return to XRP’s prior all-time highs.

XRP’s Multi-Year Range and Emerging Bullish Momentum

  • XRP's market structure remains within a defined weekly price range since its 2018 peak, between low-$2 and low-$3.
  • Since late 2024, XRP has oscillated within this range without a decisive breakout or breakdown.
  • Recent momentum indicators show higher lows, indicating weakening selling pressure and suggesting that distribution is fading.
  • This bullish divergence implies stronger market stability as short-term participants are replaced by longer-term holders.
  • A sustained breakout above this range would confirm the potential for reaching previous peaks.

Macro Rotation and Altcoin Market Dynamics

  • The broader market shows equities at record highs, metals losing momentum, and a declining US dollar—indicative of capital rotation.
  • Despite underperformance relative to new narratives, altcoins like XRP trade above bear-market lows, presenting potential asymmetric gains if capital shifts from crowded trades.
  • The bullish divergence in XRP does not guarantee an immediate rally but indicates groundwork for a larger move.
  • A strong breakout above its multi-year range could strengthen the case for revisiting previous highs.
  • The current setup suggests temporary frustration, with the market positioning for a potential delayed catch-up in the altcoin sector.

XRP ATHs

XRP price chart from Tradingview.com