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XRP has slipped on the back foot, trading around $2.18, down about 1.58% over the last 24 hours. But beneath the red numbers, there is a very interesting setup that could shape the price movement over the next several days.
Weekly Chart Still Shows a Larger Bearish Divergence
On the weekly chart, XRP is still dealing with a long-running bearish divergence that has been unfolding for months. This signal has not been invalidated yet, and analysts say it continues to influence the broader trend. It is not something that turns around quickly, and it is the main reason XRP has struggled to maintain momentum each time it attempts a breakout.
In the short term, however, the picture looks different. The daily time frame shows a clear bullish divergence forming, with the price making lower lows while the RSI makes higher lows. This means selling pressure is weakening and a small relief bounce or sideways consolidation is becoming more likely.
Important Levels To Watch
The immediate zone to watch is the $2.30 to $2.40 region, which is shaping up as a heavy resistance cluster. XRP has failed to break through this area multiple times in recent weeks, and the analyst said that the price could once again struggle as it retests this zone.
A clean breakout would require at least one daily candle closing above $2.40, followed by the price actually holding above that level. If that happens, the next major target is around $2.60, a level that has historically acted as a strong ceiling.
On the downside, if XRP gets rejected again, strong support is sitting between $2.05 and $2.07, an area that previously prevented a much deeper drop. As long as the bullish divergence on the daily chart remains active, XRP may continue to show signs of recovery, even if the broader weekly bearish trend is still technically in place.
