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XRP Price Shows Rare Bullish Setup Amid Market Decline
The cryptocurrency market is experiencing declines, but XRP is showing signs of potential upward movement.
XRP's Bullish Indicators
- Expert Bobby A highlights a rare bullish setup for XRP, with multiple indicators suggesting upward momentum.
- XRP’s market cap has remained above its 2018 peak for over 300 days, indicating strength.
- A multi-month bullish flag pattern is forming, with key support zones at $1.9 and $2.89.
- The Relative Strength Index (RSI) suggests a potential sharp upward move.
- Potential take profit zones are projected between $5 and $13.

Bobby notes the possibility of a strong surge if Bitcoin dominance decreases, allowing altcoins like XRP to gain market share.
Bearish Divergence Concerns
- Analyst JD points out a Bearish Divergence on XRP’s weekly chart, leading to a 27% correction from a previous high.
- This divergence indicates short-term bearish pressure despite broader optimism.
- JD warns that ignoring this signal could result in further declines unless momentum resets.

Overall, while XRP shows potential for growth, short-term caution is advised due to current bearish signals.