XRP Flashes Bullish Signal: Is a Return to All-Time Highs Within Reach?
After months of stagnant price action, XRP is drawing significant attention from the crypto community following the emergence of a strong bullish divergence on its weekly chart. This technical pattern, historically a precursor to major market reversals, has ignited speculation about XRP's potential to break free from its prolonged consolidation and eye new all-time highs.
XRP's Multi-Year Range Holds as Bullish Momentum Emerges
For an extended period, XRP's price has remained anchored within a clearly defined weekly range, a structure that has held firm since the 2018 market peak. While the asset has repeatedly tested both support and resistance within this range, a decisive breakout has remained elusive. However, recent momentum indicators tell a different story. Despite price retesting familiar support levels, these indicators have begun forming higher lows, signaling a notable weakening in selling pressure. This "bullish divergence" suggests that the period of distribution is fading, with short-term traders gradually being replaced by long-term holders, fostering a more robust market structure.
Macroeconomic Tailwinds Hint at Altcoin Rotation
The current macroeconomic landscape provides additional context to XRP's technical shift. Global equities are reaching new peaks, precious metals are losing momentum, and the US dollar is showing signs of weakness—conditions that have historically precipitated capital rotation within financial markets. Many altcoins, including XRP, have lagged behind newer narratives and largely remained sidelined despite trading well above their bear-market lows. This disconnect points to a potential for "asymmetric gains" if capital begins to flow from currently crowded investments into these overlooked digital assets. The developing bullish divergence on XRP's chart, therefore, positions it favorably for a delayed but potentially powerful rally within the broader altcoin sector, provided it can convincingly break above its multi-year resistance.
