💰💰XRP price drops 6%, Crypto Scanner shows hope for bulls 💰💰
In the last 24 hours, XRP has lost more than 6% of its value, making it the worst-performing token among the top 10 cryptocurrencies by market cap. Cardano (ADA) lost 5.9%, Dogecoin (DOGE) lost 5.7% $DOGE
while the leading cryptocurrency Bitcoin (BTC) also fell more than 3% after approaching $100,000 on Christmas and remains in the red zone.$ADA
However, technical analysis tools offer a glimmer of hope for XRP. According to 100eyes Crypto Scanner, a bullish divergence was observed on the hourly chart of the XRP/USDT pair. This situation indicates that the selling pressure is weakening and a potential recovery rally may be imminent, with the Relative Strength Index (RSI) moving upwards while the price is falling.
The launch of Ripple’s RLUSD stablecoin gave XRP a short-term boost. However, this development was not enough for the token to retest its all-time high reached in early 2018. XRP still has a 36.3% distance to reach this level.
Analysts are expecting a potential rally in XRP in 2025. The main reasons for this expectation are the US Securities and Exchange Commission’s (SEC) more friendly approach to cryptocurrencies and the increasing strength of XRP ETF rumors.
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