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Ripple’s XRP is currently down by more than 1% and is trading at $2.39. XRP’s price continues to show a larger bearish divergence on the 3-day chart. Despite some short-term bullish movement, the overall momentum is still leaning toward the downside. For months, market analysts have been warning that major bullish movement is unlikely in the near future.
Short-Term Bullish Action Amid Larger Bearish Trend
XRP has seen brief bullish movements, with some positive price structure breaking above key levels. According to analyst Josh of Crypto World, these moves have allowed XRP to flip previous resistance into support, giving traders hope for short-term price action. However, the overarching bearish divergence remains, signaling that larger price increases may still be unlikely for the near future.
Key Support and Resistance Levels for XRP
XRP currently holds support between $2.24 and $2.
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