XRP price has been struggling to climb above the $2.10 mark, experiencing a decline of over 1% as of writing. Despite volatility, bearish trends remain dominant in the market. 💰 📉 🧠 🧐 📊 📈 ➡️ 💼 🤝 ⬆️ ⬇️
**Short-Term Divergence Hints at Potential Relief Rally**
Crypto analyst Josh from Crypto World suggests a short-term bullish divergence is emerging, leading to a brief relief rally. This pattern is not entirely novel; it has occurred multiple times over the past few months. 📅 🔁 📈
**What’s in Store for XRP?**
Looking ahead, XRP seems likely to experience a short-term price bounce or sideways movement in the coming days, potentially lasting about one week. This aligns with historical patterns seen when similar scenarios played out previously. 🗓️ 🔁 ⬆️
**U.S. Stock Market Impact on XRP?**
Keep an eye on the U.S. stock market as Monday’s trading session kicks off. A continued decline in the stock market could negatively impact cryptocurrency markets, potentially placing additional downward pressure on XRP. 📉 🤝 ➡️ 💪
**Resistance Levels to Watch**
Resistance levels for short-term XRP price action are near $2.24 and $2.30 – key areas where it faced rejection earlier. If XRP manages to break above $2.30, the next hurdles lie between $2.48, $2.56, then potentially a range between $2.65 and $2.80. 🎯 💰 |
**Day Ahead Outlook**
For the next day or so, XRP is expected to sustain its current relief rally or display sideways movement. Major bearish price drops are not anticipated right now; therefore, the short-term outlook holds a slight positive bias but remains relatively modest. 🤔 📈 |