XRP Shows Potential Reversal With Bullish Divergence

Crypto analyst Egrag Crypto has flagged a strong bullish signal in XRP’s price action. The asset, currently trading around $2.14 with volume down 35%, displays lower lows while its indicators show higher lows – a classic reversal pattern often signaling a potential uptrend. This divergence emerges as XRP tests a critical support level. Meanwhile, momentum indicators are at historically low readings.

Egrag emphasizes that this bullish divergence is notable within recent months and signifies a key development for XRP amid ongoing price fluctuations. The analyst adds that the current signals present a strong indicator of potential reversal.