XRP is showing significant potential for an upward move, supported by a hidden bullish divergence on its 1-hour chart. This technical indicator, often associated with reversals or continuation patterns, points to the possibility of XRP entering a major upside phase. Analysts are targeting a move of over 33%, with the potential to challenge its all-time highs.
The hidden bullish divergence observed on XRP's 1-hour chart . Marks Indicates growing momentum despite recent price consolidations. This divergence occurs when price action forms higher lows while the corresponding indicator, such as the Relative Strength Index (RSI), forms lower lows. Such a pattern signals underlying strength in the asset, paving the way for upward movement.
XRP's current price action aligns with the technical setup, as the divergence suggests a possible shift in trend. This scenario creates an environment for potential significant gains if the current momentum continues.
XRP’s current analysis shows a potential upside of over 33% from its current levels.
If this move materializes, XRP could test or exceed its all-time highs. The bullish outlook is fueled by strong market conditions and favorable technical patterns.
This upward trajectory remains
contingent on maintaining key support levels and breaking through identified resistance zones. XRP’s ability to sustain momentum will be closely monitored by traders aiming to capitalize on the bullish divergence setup.
Market participants are focusing on key support and resistance levels to confirm the bullish move. A successful breakout above resistance could pave the way for a continued rally toward the all-time high targets. Conversely, a breakdown below support could signal a need for further consolidation.
XRP’s chart setup and bullish divergence position the asset for a potentially significant move. With over 33% upside on the table, traders are closely observing this technical setup for confirmation of the anticipated rally.
