- Altcoin XRP bearish divergence hints at lower support levels.
- This dip is expected before a parabolic price break and pump can occur.
- Ripple’s XRP remains one of the most bullish altcoins yet.
With the price of Bitcoin (BTC) and Ethereum (ETH) showing steady signs of recovery, the crypto market signals are entering their final bullish stage for the ongoing bull cycle. Presently, BTC and ETH are preparing to close September in a bullish green state, igniting expectations for a flourishing altseason peak phase. Altcoin XRP bearish divergences hint at lower support levels before a parabolic price break and pump.
Altcoin XRP Bearish Divergences Hint at a Lower Support Level
According to CoinMarketCap analytics, the price of Ripple’s XRP is on a slight decline as opposed to Bitcoin and Ethereum prices, which are showing classic signs of recovery. Presently, the price of Ripple’s XRP is trading in the $2.85 price range, just under a 1% dip in the last 24 hours. The asset is just over a 25% pump away from reclaiming its previous ATH price set 8 years ago at $3.84.
According to the analyst in the post above, the altcoin XRP is hinting at a bearish divergence towards lower supports before breaking out back above to higher prices and perhaps even a new ATH target. So far, XRP has shown some momentum off the black trendline that the analyst had drawn attention to last week. She says that the respect of this level is encouraging, but not clear, as the price hasn’t broken above the critical $3 resistance.
That moves, she claims, remains the ultimate goal for confirming a new trend. Until then, downside tests remain valid, with $2.79 (0.5 retracement) and $2.58 (0.618 retracement) as the key supports. Additionally, she states that the concerning part is that the recent move from the trendline looks more like a clean ABC rather than a 5-wave impulsive rally. AT the moment, the price perfectly rejected the targets for the C-wave and has now printed bearish divergence up to the 4-hour chart.
Following That Is a Parabolic Price Break and Pump
She concludes by saying that as long as XRP does not fall below the $2.58 support level, the altcoin remains highly bullish. If it were to fall, then that would invalidate the bullish market structure and threaten the macro outlook. For now, she adds that supports haven’t changed and is still waiting for one of many key levels to provide the momentum needed to break through resistance.
She ends her observation by reminding the community to remember that when XRP is truly ready to begin Wave 3, these macro resistance levels – $2.79, $3.00, $3.25 – should break cleanly and without hesitation. If XRP continues to see hesitation and rejection, it signals that more downside testing is needed first. Once that momentum appears, XRP has everything in place to push for the breakout the crypto community has been waiting for.
