XRP/USDT - Bearish Divergence on 15m Chart
2025-01-02
Category: None

A bearish divergence is visible on the 15-minute chart for XRP/USDT. While the price is forming higher highs, the RSI indicator is showing lower highs, indicating waning bullish momentum.

Key Observations:
Resistance Zone: $2.33–$2.35 (current local high).

Support Levels:
First: $2.28 (recent consolidation area).
Second: $2.07 (previous key level).

RSI Trend = Divergence shows the possibility of a short-term reversal.

Potential Scenarios:
1) Rejection at Resistance: If the price fails to break above $2.33, I expect pullback until next support $2.18 and $2.07
2) Breakout Confirmation: A move above $2.37 could invalidate the divergence and lead to further bullish continuation.