CandleFocus XRP Price Eyes Bullish Divergence: Possible Scenarios
2024-11-04
Author: Content Editor
The price of XRP has risen by more than 1.3% and is trading above the 50-cent-per-token mark. This rise was preceded by a bullish divergence in the RSI indicator, suggesting that downward momentum is weakening and selling pressure is easing. If this trend continues, the next important test for XRP will be to overcome resistance at $0.515. However, if the divergence proves to be temporary, the price may stabilize around 50 cents or revisit the local minimum of $0.49 per XRP.
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