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<p>Coins Kid, a cryptocurrency analyst, has shared his insights on the current XRP price action. In <a href="https://youtu.be/w5fiMMQvB6w" target="_blank" rel="noopener noreferrer nofollow">his latest video</a>, he highlights a bullish divergence on the four-hour timeframe, which has prompted him to enter a micro long position on the token.</p>
<p>While this setup does not necessarily indicate a market bottom, it presents an opportunity for traders to capitalize on short-term price movements.</p>
<h2 class="wp-block-heading" id="confluence-of-factors-needed-for-confirmation">Confluence of Factors Needed for Confirmation</h2>
<p>Coins Kid emphasizes the need for additional confluence factors to confirm a more significant trend reversal. These include a bullish divergence on the daily timeframe and a clear five-wave pattern in the price action. Until these conditions are met, the analyst remains cautious about declaring a definitive bottom for the current correction.</p>
<p>For those interested in the micro long opportunity, Coins Kid provides a detailed trade setup. He suggests placing a stop loss at $0.478, which represents a minimal risk of approximately 2.19%. The target for this trade is set at $0.5166, offering a potential gain of around 7%. This setup aims to capture a potential A-B-C corrective wave before a final leg down.</p>
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<h2 class="wp-block-heading" id="macro-perspective-and-bitcoin-s-influence">Macro Perspective and Bitcoin’s Influence</h2>
<p>Zooming out to the daily timeframe, Coins Kid emphasizes the importance of Bitcoin’s price action in determining XRP’s trajectory. He notes that if Bitcoin manages to break above a key moving average, as it did in 2021 before XRP’s massive rally, it could be a signal to accumulate <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> aggressively. A breakout above the $1.97 high could indicate a potential new all-time high for XRP.</p>
<p><em><strong>Read more:&nbsp;<a href="https://captainaltcoin.com/ripple-xrp-poised-for-potential-vertical-rally-as-retracement-nears-completion/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) Poised for Potential Vertical Rally as Retracement Nears Completion</a></strong></em></p>
<p>Analyzing the overall price structure, Coins Kid identifies a five-wave move up followed by an overlapping, zigzag-like corrective pattern. He interprets this as a potential flag pattern, similar to the wave two correction seen earlier. If this pattern holds, he anticipates a significant expansion once the correction is complete.</p>
<p>In the event of a final flush to the downside, Coins Kid highlights the importance of the 0.786 Fibonacci retracement level at 0.3821 and the “god candle” support. A wick grab at these levels could provide a final shakeout before a potential vertical move upwards.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-xrp-price-analysis-shows-bullish-divergence-signaling-potential-micro-buy-opportunity/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Analysis Shows Bullish Divergence, Signaling Potential Micro Buy Opportunity</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple (XRP) Price Analysis Shows Bullish Divergence, Signaling Potential Micro Buy Opportunity

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