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Just noticed something interesting on XRP's weekly chart - looks like we're seeing that hidden bullish divergence pattern again. You know, the one that showed up before the crazy 2017 rally and again in 2024. Price made a higher low at $1.11, but the RSI actually printed a lower low. That's the setup.
So basically what happened is XRP dropped from $3.65 down to around $1.11 recently, but the momentum indicator didn't confirm that weakness. Historically, when this hidden bullish divergence shows up, it's been followed by pretty significant moves down the line. Last time we saw it was June 2022 at $0.29, and three years later we hit $3.66. Before that, November 2015 at $0.0042 led to a massive 2018 run.
Now here's the thing - this pattern doesn't guarantee an immediate bounce. Could still go lower from here, especially with the market looking rough right now. XRP is down about 35% over the past year and trading at $1.32. But if this divergence holds and plays out like before, whenever the bottom forms, that could be the setup for the next leg up. Worth keeping an eye on for sure.