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XRP is currently struggling to rise above the $2.10 mark and is down by more than 1% at the time of writing. Despite fluctuations, the overarching bearish sentiment continues.
Short-Term Bullish Bounce?
According to analyst Josh of Crypto World, here’s a short-term bullish divergence showing up. This has led to a bit of a relief rally, which is pretty common when this kind of divergence pops up. It’s happened before over the last few months, so it’s nothing new.
What’s Likely to Happen Next?
Considering the current support levels and the new bullish divergence, XRP is probably going to see a small bounce or some sideways price action in the coming days—maybe for about a week. It’s the same kind of movement that’s been seen before when similar patterns appeared.
Will the U.S. Stock Market Influence XRP?
A lot of eyes are on the U.S. stock market, especially with Monday’s opening. If the
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