Bearish Divergence Despite Higher Highs
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XRP: Trading Sideways with a Warning Signal According to crypto analyst DavidTheBuilder, XRP has been oscillating between $2.90 and $3.40, showing no decisive breakout in either direction. This range-bound behavior reflects a period of market indecision. Source: DavidTheBuilder Notably, a red flag is flashing on the weekly charts because of the emergence of a bearish divergence. XRP is pushing higher highs while the relative strength index (RSI) slips into lower highs, a textbook warning that bullish momentum is weakening. Why This Setup Matters This isn’t the first time XRP has exhibited such a divergence. The last occurrence, back in late 2020, preceded a notable pullback, as XRP ultimately surrendered a significant portion of its gains in the months that followed. While history doesn’t guarantee repetition, the parallel is too striking to ignore. Today’s chart also paints a similar story since analysts are highlighting resistance forming in the upper range near $3.26–$3.40, and strong support around $2.90–$3.00. Market commentator Justcryptopays noted that XRP is eyeing the $3.13–$3.17 resistance zone. A decisive breakout above $3.17 could ignite the next rally toward $3.40. Source: Justcryptopays A breakdown below that support could open the door to deeper losses, potentially toward the $2.75, $2.55–$2.62 zones. DavidTheBuilder pointed out, “In the short term, XRP may consolidate between $3.00–$3.20 until a clearer breakout emerges. A move above $3.40 would confirm bullish continuation, while losing $2.90 could open the door to deeper downside toward $2.75 or even $2.55.” Renowned market analyst EGRAG CRYPTO shared similar sentiments that a full-body 4H candle close below $2.90 could confirm a 5-wave structure, opening downside toward $2.65. On the upside, $3.65 remains the key breakout level to watch. Source: EGRAG CRYPTO At the time of this writing, XRP was trading at $3.00, according to CoinGecko data. Conclusion XRP is consolidating within a…
Filed under: News - @ August 19, 2025 8:28 am