- Major bullish divergence pattern appears on altcoin XRP price chart.
- Ripple expects a bullish price pump for XRP soon.
- The analyst highlight a very bullish indicators suggesting a monumental price pump soon.
With the prices of BTC and ETH trading at lower prices, analysts are certain that the crypto bear market has begun, meaning expectations for altcoins to rally and hit new ATH prices by triggering altseason have also fallen down significantly. Despite the falling sentiments some altcoin enthusiasts remain adamant for altseason to occur, especially as a major bullish divergence pattern appears on altcoin XRP price chart.
Major Bullish Pattern Appears on Altcoin XRP Price Chart
For several months now, the price of XRP has been showing steady signs of a major bullish upward rally. This expectation has been a long-term build up as XRP’s growth was stunted due to its long-fought battle with the SEC. A battle that finally came to an end after almost 8 years, in favor of XRP. Since then, XRP has experienced two significant price pump, but has yet to reclaim its previous ATH price in the $3 price range.
So far, the price of XRP has been trading close to $3, but has recently fallen closer to the lower $2 price area. At the moment, several analysts believe XRP is in a short correction before rising back up to not only reclaim its previous ATH price, but to rise above it and enter its price discovery range. At the moment, many bullish ATH targets are set for XRP from $21, $27, to 3-digit prices. But how high can it go?
Ripple’s XRP Could Hit New ATH Prices
As we can see from the post above, this analyst says that the XRP price chart is experiencing a major bullish divergence pattern appearing on the 3-day chart. In detail, the analyst highlights that XRP is flashing a major bullish divergence on the 3-Day chart, one of the strongest signals the altcoin has had in months. If this plays out and XRP taps the FVG, and BTC makes a new ATH and this is not the start of a bear market.
The analyst then shares his personal conviction for XRP. He begins by declaring that he will not be selling his XRP and that his conviction is different. He says that selling XRP here feels like selling BTC at $3. He says that if he were to sell now, then he cannot face his future self, when the price of XRP would go on to hit far higher bull targets. He says that he trusts XRP more than gold, dollars, or anything else.
Lastly, he talks about the market-wide impact and says that what is coming now could be a large exit signal. He also talks about his bag of holding for other coins and says that if this bullish structure confirms across the market, then he will begin to sell heavily. But the current 3-day bullish divergence on XRP is powerful, and if it plays out, then it could open up an exit plan which the rest of the market will likely follow.
