The price of XRP, the cryptocurrency linked to Ripple, dropped more than 6% in the past 24 hours, according to data from CoinGecko.
However, according to 100eyes Crypto Scanner, the XRP/USDT pair has formed a bullish divergence on the hourly chart.
This suggests that XRP bulls may see a relieved bounce in the near future.
A bullish divergence occurs when the Relative Strength Index (RSI) increases even though the price is falling.
This shows that the current recession trend is gradually weakening.
Of course, this bullish deviation should be taken into account. Because it should be analyzed together with other important technical indicators.
For now, XRP remains the worst-performing token in the top 10 after falling 6% on Thursday.
Some other major tokens were also in the red, with Cardano (ADA) and Dogecoin (DOGE) down 5.9% and 5.7%, respectively.
Bitcoin, the leading cryptocurrency by market cap It is now down more than 3% after approaching multiple $100,000 levels on Christmas Day.
Recently, XRP experienced a brief rally following the official launch of Ripple’s stablecoin RLUSD. But this was not enough to spark XRP’s momentum.
The token is still down 36.3% from its record rebound at the start of 2018. It was close to new highs in early December but fell…
However, there are some positive catalysts that could spark XRP’s rally in 2025. These catalysts include the SEC’s renewed crypto-friendliness and increased XRP ETF buzz. climb