Analyst Sees Imminent XRP Move as $1.40 Support Holds; Bullish Divergence Forms
Crypto analyst Bird flagged a potential short-term turning point for XRP after posting a 4-hour XRP/USD chart. XRP has retraced from near $1.80 to a consolidation area around $1.40. The analyst notes compressed volatility with sustained trading participation and a potential bullish divergence at roughly $1.406 — price making lower lows while momentum indicators make higher lows. This pattern suggests selling pressure is waning and accumulation may be starting. Traders are watching timing closely: if buyers defend the $1.40 support and momentum confirms divergence, XRP could rebound toward recent resistance levels; failure to hold would likely prolong sideways action. The article emphasizes structural chart tension rather than new fundamental catalysts. Disclaimer: this is market commentary, not financial advice.
Bullish
The article reports a technical setup that historically precedes upside moves: compressed volatility near support combined with bullish divergence on a 4-hour chart. Such setups increase the probability of a short-term rebound because reduced selling momentum and tightened ranges make prices sensitive to modest buys, often producing outsized moves. If $1.40 holds and momentum indicators confirm, traders can expect a move toward recent resistance zones — a near-term bullish outcome. Conversely, the piece also notes that failure to defend support would lead to sideways or extended consolidation, limiting immediate upside. This mirrors past XRP moves where consolidations after sharp advances and clear divergences preceded sharp recoveries (e.g., previous pullbacks from local highs). For traders: the news is actionable mainly for short-term swing and position traders who can size risk around $1.40 support; scalpers should watch volatility expansion; long-term investors should treat this as a technical cue rather than a fundamental catalyst.