XRP's four-hour chart displays a hidden bullish divergence, signaling a possible price recovery of 30%.
Analysts cast XRP could reach $2.91, with additional potential to achieve new ATH.
Increased trading volume and bullish movement position XRP as a focal point.
XRP’s four-hour chart indicates a hidden bullish divergence, signaling a likely recovery in its market movement. Analysts have noted this technical confirmation, which points to a possible price recovery of nearly 30% back to its 2024 highs. The current high target stands at $2.91, with room for further continuation to new all-time highs.
Technical Chart Insights
The hidden bullish divergence on XRP’s four-hour chart reflects a key momentum shift. Patterns like that occur when the price makes lower lows, but the relative strength index forms higher lows. According to the chart, the price has already formed higher lows, while the RSI formed lower lows, indicating the pattern.
This divergence often indicates an impending upward move in price. XRP’s chart aligns with this pattern, suggesting a strong possibility of upward momentum in the near term, as noted by Javon Marks.
Source: Javon Marks(X)
Should XRP achieve the expected 30% recovery, the cryptocurrency could revisit its 2024 highs of $2.91. A continuation beyond this level may open the door to new all-time highs. The current technical setup indicates bullish sentiment among traders, supported by the divergence confirmation and price action.
Broader Market Context
XRP’s potential recovery comes amidst fluctuating market conditions for major cryptocurrencies. While broader market trends remain a key influencing factor, XRP’s technical indicators offer a more specific outlook for the asset. The bullish divergence provides a counterbalance to broader market uncertainties, positioning XRP as a focal point for traders.
According to Coinglass data at the time of press, XRP’s price reached $2.26, with trading volume at $7.84 billion. Throughout the observed period, XRP’s price showed significant fluctuation, peaking at $2.32 before stabilizing.
Source: Coinglass
The chart reveals notable volume spikes, particularly in July and December, coinciding with price increases. XRP's market activity shows increased engagement as the year progresses.
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