Bearish Divergence: A Threat on the Verge of Invalidation?
On the weekly timeframe, XRP continues to display a confirmed bearish divergence that has not yet been invalidated. This could indicate that the market is still under pressure from a broader cooling phase. Analysts had previously warned of this risk when XRP was trading near its highs around $3.40. So far, the market appears to be following this projection.
This longer-term divergence suggests a prolonged pullback over weeks or even months. This doesn’t mean the price will fall in a linear fashion. Instead, the market should experience brief phases of bullish relief within the overall bearish trend.
Bitcoin: The Barometer Dictating XRP Rhythm
The recent XRP bounce can be linked to Bitcoin’s bullish divergence. This has given the altcoin market some breathing room. With Bitcoin dominance receding, altcoins like XRP are finding space to make temporary recoveries.
However, these movements should be considered short-term relief rather than a complete trend reversal.
Price Zones That Could Trigger a Surge
In terms of levels, XRP continues to test several crucial zones. A solid support exists around the $2.85 to $2.90 region, with additional support near $2.75. A more significant decline could bring the price closer to the $2.55 to $2.62 range. On the upside, the immediate barrier sits near $3.10, while a more substantial obstacle remains in the $3.34 to $3.40 zone, which has previously rejected rallies.
If XRP manages to break convincingly above $3.10, bulls could target a retest of $3.40. Failure to maintain above $2.85 could open the door to further losses. For now, the coin is in a short-term recovery phase.
How to Buy XRP on Bitget?
To invest in Ripple XRP on Bitget before its potential 2025 explosion, follow these steps for optimized purchasing:
- Sign up on Bitget: Create an account on the Bitget website and complete identity verification to access all features.
- Fund your wallet: Deposit funds in USDT, BTC, or via credit card in the deposit section.
- Find the XRP/USDT pair: Access the spot market and search for XRP/USDT.
- Place a buy order: Choose a market order for quick execution or a limit order for a specific price.
- Use GetAgent to optimize: Activate GetAgent, Bitget’s AI trading assistant, to analyze XRP market trends in real-time. Set up automated strategies, such as buying at low thresholds or selling at peaks, to maximize your gains while reducing risks.
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