<div class="finbold">
 <p class="paragraph">The XRP token has been trading in a downtrend, making lower highs since July 2023. However, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> indicators now suggest a breakout and an incoming <a rel="noopener noreferrer nofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> for the cryptocurrency.</p>
 <p class="paragraph">In particular, a bullish divergence in XRP’s weekly chart with its Relative Strength Index (RSI) was spotted by <em>CoinsKid</em>. The renowned trader posted this analysis on X on February 27.</p>
 <p class="paragraph">Notably, <em>the expert </em>expects an XRP price surge to $1.30 and opened a long position on the token a few weeks ago. XRP price today currently trades at $0.55, making this trade a 135% potential opportunity if it bears fruit, according to the analysis.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="478" src="https://cdn.thebittimes.com/images/2024/02/27/9c98d59f9e924b50bd15626e2c84fb7f.webp" alt class="wp-image-157391" srcset="https://cdn.thebittimes.com/images/2024/02/27/9c98d59f9e924b50bd15626e2c84fb7f.webp 1024w, https://cdn.thebittimes.com/images/2024/02/27/9c98d59f9e924b50bd15626e2c84fb7f.webp 300w, https://cdn.thebittimes.com/images/2024/02/27/9c98d59f9e924b50bd15626e2c84fb7f.webp 768w, https://cdn.thebittimes.com/images/2024/02/27/9c98d59f9e924b50bd15626e2c84fb7f.webp 1536w, https://cdn.thebittimes.com/images/2024/02/27/9c98d59f9e924b50bd15626e2c84fb7f.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP weekly RSI. Source: <em>CoinsKid</em>
  </figcaption>
 </figure>
 <p class="paragraph">A bullish divergence happens when the price falls, while the indicator signals a <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> momentum.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis-and-potential-surge">XRP price analysis and potential surge</h2>
 <p class="paragraph">Nevertheless, XRP is still struggling to break from the downtrend since it reached $0.927 in July 2023. Moreover, the token has slightly broken down from an uptrend support ongoing since January 2023.</p>
 <p class="paragraph">At this point, XRP tries re-entering the triangle formed by both trends and tests the <a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a> resistance of $0.56. The latter follows the 20-week exponential moving average (EMA), a relevant technical indicator with a historical impact on the digital asset.</p>
 <p class="paragraph">Historically, when XRP breaks from the 20-week EMA, the price makes a huge move – either upward or downward. So far, the price has been mostly stable since the last breakout, which opens the possibility for further drops.</p>
 <p class="paragraph">However, a breakout to the upside would validate <em>CoinsKid</em>’s spotted bullish divergence. This could trigger a massive surge, potentially fueled by the current sentiment observed in other cryptocurrencies. The weekly RSI still has to break from its own downtrend above the neutral 50 points to form a conclusive divergence.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/02/27/8baf0641cb914fbbe0c230c1d195701e.webp" alt class="wp-image-157392" srcset="https://cdn.thebittimes.com/images/2024/02/27/8baf0641cb914fbbe0c230c1d195701e.webp 1024w, https://cdn.thebittimes.com/images/2024/02/27/8baf0641cb914fbbe0c230c1d195701e.webp 300w, https://cdn.thebittimes.com/images/2024/02/27/8baf0641cb914fbbe0c230c1d195701e.webp 768w, https://cdn.thebittimes.com/images/2024/02/27/8baf0641cb914fbbe0c230c1d195701e.webp 1536w, https://cdn.thebittimes.com/images/2024/02/27/8baf0641cb914fbbe0c230c1d195701e.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   XRP/USD weekly price chart. Source: <em>TradingView</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">All in all, technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> trading is a game of probabilities. Thus, <em>CoinsKid</em> believes the odds are favorable for opening longs. Still, XRP’s price action highly depends on developments related to Ripple and the community. The former has already dumped 260 million tokens in February, worth over $143 million at current levels.</p>
 <p class="paragraph">&lt;<a rel="noopener noreferrer nofollow" title="strong" href="https://thebittimes.com/tag/strong.html">strong</a>&gt;<em>Disclaimer:</em>strong&gt;<em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brace-for-strong-xrp-surge-here-s-why-tbt80930.html">https://thebittimes.com/brace-for-strong-xrp-surge-here-s-why-tbt80930.html</a></p>

Brace for strong XRP surge; Here’s why

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