XRP - Showing Strength
2024-12-20
Category: None

With the recent market collapse across the board on the altcoins showing the most strength is surprisingly XRP.

While most altcoins have dropped significantly and created lower lows with the second dump that occurred, XRP has not.

XRP has also retested that 2021 ATH (purple line) as old resistance flipped into new support and has held it for a second time. 

Because of it's resilience during this dump opposed to everything else - it also has created a potential hidden bullish divergence. This is when price creates a higher low while the RSI creates the same low. 

Something to keep our eyes on. 