CandleFocus There's Silver Lining for XRP Bulls Following 6% Plunge
2024-12-26
Author: Content Editor
The price of XRP has dropped more than 6% in the past 24 hours. However, there are signs of a potential relief bounce as the XRP/USDT pair has formed a bullish divergence on an hourly chart. This suggests that the bearish trend may be weakening. XRP remains the worst-performing token in the top 10, while other major tokens like Cardano and Dogecoin have also seen declines. Bitcoin has also dropped by over 3% after approaching the $100,000 level. Despite a short-lived rally following the launch of Ripple's RLUSD stablecoin, XRP has not regained its momentum and is still far from its record high. However, there are bullish catalysts that could potentially spark an XRP rally in the future, including the SEC's stance on cryptocurrencies and the growing XRP ETF buzz.
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