Plunge

bullish

Kinesis Silver

XRP ETF

<figure><figcaption> Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a></figcaption></figure>The price of XRP, the Ripple-affiliated cryptocurrency, is <a href="https://www.coingecko.com/en/coins/xrp" rel="noopener noreferrer nofollow">down</a> more than 6% over the past 24 hours, according to data provided by CoinGecko.However, according to the 100eyes Crypto Scanner, the XRP/USDT pair has <a href="https://x.com/100eyesCrypto/status/1872342075036803085" rel="noopener noreferrer nofollow">formed</a> bullish divergence on an hourly chart.This indicates that XRP bulls might potentially see a relief bounce in the near future.A bullish divergence tends to happen when the Relative Strength Index (RSI) is on the rise despite a price drop.This shows that the current bearish trend is gradually getting weaker.Of course, this bullish divergence should be taken with a grain of salt since it has to be analyzed in combination with other major technical indicators.For now, XRP remains the worst-performing token in the top 10 following its 6% price plunge on Thursday.Some other major tokens are also in the red, with Cardano (ADA) and Dogecoin (DOGE) slipping by 5.9% and 5.7%, respectively.Bitcoin, the leading cryptocurrency by market capitalization, has now dropped by more than 3% after approaching the much-level $100,000 level on Christmas.Recently, XRP experienced a short-lived rally following the official launch of Ripple's RLUSD stablecoin. However, this was not enough to reignite XRP's momentum.The token is still 36.3% from reclaiming its record high that was achieved in early 2018. It came close to reaching a new record peak in early December but fell short.However, there are some bullish catalysts that could potentially reignite the XRP rally in 2025. These catalysts include the SEC's newfound crypto-friendliness and the growing XRP ETF buzz.<a href="https://u.today/theres-silver-lining-for-xrp-bulls-following-6-plunge" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

There's Silver Lining for XRP Bulls Following 6% Plunge

U.Today

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