XRP Bulls Target $1.85–$1.90 Support Zone as Rare RSI Divergence Emerges
A rare technical signal flashes for XRP, setting the stage for a potential rebound.
The Divergence Playbook
When price action and momentum indicators move in opposite directions, traders take notice. The appearance of a bullish RSI divergence against a declining price chart often precedes a trend reversal—it's the market whispering a secret before the crowd hears the news.
Defining the Battle Lines
All eyes are on the $1.85 to $1.90 range. This zone isn't just a number on a chart; it's a confluence of historical support and a psychological magnet for liquidity. Bulls aren't just hoping for a bounce—they're positioning for it.
The Trader's Calculus
For the optimist, this setup is a gift. It offers a clear risk parameter below support and a technical thesis for a move higher. The cynical observer, however, might note that in crypto, a 'rare' signal sometimes just means it hasn't worked lately. But when momentum silently shifts against the prevailing trend, even the skeptics lean in.
The stage is set. The levels are defined. Now, the market decides if this divergence is a genuine harbinger or just another head-fake in the volatile quest for gains.
XRP Shows Rare Bullish Divergence on Daily Chart
In the daily chart, XRP is displaying a bullish divergence in the RSI. This last occurred in 2022, when the price was at $0.28. Subsequently, XRP showed some stability, followed by an uptrend and substantial increases.
A bullish divergence in the daily chart is quite rare and indicates that the sell-off is slowing and that purchasing pressure is gaining traction in the background.
Source: X
This divergence doesn’t necessarily mean a quick jump, but it sure is among the first indicators that the price could soon turn around.
Traders looking at these indicators recognize that the market could be experiencing a quiet time when buyers are entering, before the big jump upwards.
Weekly Chart Highlights Key Support and Consolidation
Although some encouraging signals have appeared, it seems from the charts for a week now that the trend has swung from a phase of strong momentum to a correction period.
After a substantial jump in late 2024, XRP touched a point close to the upper boundary of the Bollinger Band; then it moved south once again and currently hovers close to $1.91-$1.92, lying below both the 20- and 50-week EMAs.
Source: Tradingview
This range of $1.85 to $1.90 has emerged as an important support level, ready to meet the 100-week EMA and the lower boundary of the Bollinger Bands. Candles with extended lower wicks indicate that this range is being supported by buying pressure.
However, the weekly MACD remains in the negative, showing that there is still downward momentum in the market. If broken, XRP could test the 200-week EMA in the range of $1.35 to $1.40.