- Analyst and traders grow even more bullish on XRP.
- The popular altcoin asset hits critical support level.
- This move could trigger a reversal and send XRP to new ATH prices.
Several popular altcoins have been gaining attention from popular crypto analysts and traders recently. These assets include Ethereum (ETH), Cardano (ADA), and Ripple’s XRP. With more bullish indicators flaring on these altcoin price charts, holders see increased hope in terms of a bullish altseason peak phase. In particular, analysts and traders grow even more bullish on XRP as the asset hits critical support level.
Analyst and Traders Grow Even More Bullish on XRP
According to CoinMarketCap analytics, the price of XRP continues to trade at a steady pace close to the $2 price range. This means the asset is closer than it has been to its previous ATH price at the $3 price range than it has even been before. Since the asset’s won against the SEC last year, momentum has been steadily building for XRP to hit much higher prices in the coming months ahead.
To highlight, the price of XRP has seen two significant pumps this bull cycle, both of which brought significant gains to holders that have been holding since the SEC battle began. Now, the price of XRP is inching closer to its previous ATH price, and analysts believe the time for XRP to surge parabolically is close. In line with this expectation, several reputed crypto analysts have shared their bullish XRP price signal observations.
As we can see from the post above, this analyst confirms that XRP is currently showing a bullish RSI divergence on the daily timeframe — the same signal that printed in 2022 at the bear market bottom, when price was trading around $0.28. After that divergence, XRP stabilized, reversed, and eventually rallied aggressively to new all-time highs. These bullish RSI divergences are extremely rare on XRP’s daily chart.
The post goes on to elaborate on what this extremely rare signal means. In detail, the analyst says that they signal that selling pressure is weakening while buyer momentum is quietly building. Ultimately, the post concludes that nothing is guaranteed — but from a technical perspective, this is one of the strongest early reversal signals one can get, meaning the price of XRP could surge significantly soon.
XRP Hits Critical Support Level
Similarly, another post shares its bullish XRP observation. To start off, the post highlights how XRP recently reached critical support again at $1.88. This, she marks, is a very strong support level on the macro 0.5. Just like BTC did, if XRP bounces and does not make a new low here, it is going to get very bullish. The post concludes by saying that the market needed some movement to push things along, and we’re finally seeing it.
