bullish

when

<ul>
 <li>XRP nears a breakout after 7 years, approaching key resistance levels.</li>  
 <li>Hidden bullish divergences suggest XRP could rally by 500%, reaching $3.31.</li>  
 <li>Analyst Marks highlights weakening selling pressure and strengthening bullish momentum in XRP.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/xrp-earns-robinhoods-relisting/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP)</a> is on the verge of a major breakout, and crypto analyst Javon Marks is sounding the alarm. According to Marks, XRP is approaching a key resistance level that’s been holding it down for nearly seven years.&nbsp;</p>  
<p>What makes this setup particularly exciting is the emergence of hidden bullish divergences on the chart. If these divergences play out, Marks believes XRP could see a massive 500% rally, pushing the price to around $3.31.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/JavonTM1/status/1835067778400768271
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-hidden-bull-divergences-the-key-to-a-breakout">Hidden Bull Divergences: The Key to a Breakout?</h2>  
<p><a href="https://x.com/JavonTM1/status/1833187398953668867" target="_blank" rel="noopener noreferrer nofollow">Javon Marks</a> points to hidden bullish divergences forming on XRP's chart. These divergences often indicate underlying strength, even when prices aren't immediately reflecting it.&nbsp;</p>  
<p>This technical pattern can lead to major price movements once the trend finally breaks. With XRP nearing the breakout point of a trendline that has lasted 6.5 to 7 years, the potential for upward movement is huge.&nbsp;</p>  
<p>Marks suggests this could trigger a climb back to the $3.31 area. This is a key price level XRP hasn’t seen since its 2018 bull run.</p>  
<h2 class="wp-block-heading" id="h-what-makes-this-setup-so-promising">What Makes This Setup So Promising?</h2>  
<p>According to Marks, this setup is backed by significant technical factors. <a href="https://cryptonewsland.com/bitcoin-eyes-73729-hidden-bullish-divergence/" target="_blank" rel="noopener noreferrer nofollow">Hidden bull divergences</a> occur when prices form lower lows, but the momentum indicators show higher lows.&nbsp;</p>  
<p>This suggests that selling pressure is weakening, and the bulls are quietly gaining control. Marks believes this situation is unfolding in XRP’s current price action, making it a prime candidate for a breakout.</p>  
<p>If <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> manages to break through this long-standing resistance, it could quickly rally by up to 500%. Given the strength of these technical signals, traders may want to keep a close eye on this token.&nbsp;</p>  
<p>The near seven-year trendline has acted as a strong ceiling for XRP, but if it cracks, the price could rocket to new heights. While the crypto market can be unpredictable, Marks' analysis of XRP’s chart offers a hopeful outlook for the token.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/xrps-hidden-signals-suggest-500-surge/" rel="noopener noreferrer nofollow">XRP’s Potential 500% Surge: Hidden Bull Divergences Signal Major Breakout</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

XRP’s Potential 500% Surge: Hidden Bull Divergences Signal Major Breakout

Table of Contents

Crypto News Land

Other articles published on Sep 15, 2024

POL Faces Strong Rejection as Dogen Targets $100 by 2025 – The New Solana Sensation in Presale St...

Trust Wallet CEO Highlights Wallet Challenges

Coinpedia Fintech News

Crypto: The Volume Of Stablecoins On Ethereum Is Exploding, But At What Cost?

Robert Kiyosaki Predicts Bitcoin Boom amid Potential Federal Reserve Shift

Analysts Predict Bitcoin Prices to Surge

Join our free newsletter for daily crypto updates!