Best Altcoins to Buy as XRP’s Bullish Divergence Promises Rally
The post Best Altcoins to Buy as XRP’s Bullish Divergence Promises Rally appeared on BitcoinEthereumNews.com. However, smart money analysts aren’t sweating – some have noticed indicators that another bullish move is on the horizon. But as an XRP rally looms, traders are looking for ways to capitalize and generate bigger returns. Let’s explore three of the best altcoins to buy for massive profits as the XRP price climbs. XRP Bullish Divergence Signals Bullish Reversal Currently trading at $2.87, XRP is down 9.8% this week and 21% from its all-time high (ATH) on 18 July. However, the $2.80–$2.95 range remains a crucial support zone for XRP, with an analyst suggesting it could lay the way for the next leg up. Cryptoinsightsuk posted on X that the 4-hour XRP price chart shows signs of a “bullish divergence,” a chart pattern that signifies an upward reversal may soon commence. A bullish divergence occurs when the price makes lower lows while the relative strength indicator (RSI) makes higher lows. The disconnect suggests that sellers are losing momentum and means buyers can soon take control of the market. Oftentimes, lower time frame chart patterns such as this one give early insight into higher time frame moves, especially when converging at key structural levels such as $2.87, which Cryptotoes calls a “make or break” zone for XRP. So should the bullish divergence successfully unfold, it could trigger the next higher-time-frame move. And as to how far that may go, analyst Ali Martinez looks toward $6, with his chart highlighting that XRP broke above a triangle pattern in July and is now poised for substantial growth in August. Despite this week’s dip, XRP’s outlook appears promising. Bears are losing momentum, and bulls can sense that the next leg up is close. But this echoes a broader renewed sense of market optimism right now. While prices remain down across the market this week,…
The post Best Altcoins to Buy as XRP’s Bullish Divergence Promises Rally appeared on BitcoinEthereumNews.com.
However, smart money analysts aren’t sweating – some have noticed indicators that another bullish move is on the horizon. But as an XRP rally looms, traders are looking for ways to capitalize and generate bigger returns. Let’s explore three of the best altcoins to buy for massive profits as the XRP price climbs. XRP Bullish Divergence Signals Bullish Reversal Currently trading at $2.87, XRP is down 9.8% this week and 21% from its all-time high (ATH) on 18 July. However, the $2.80–$2.95 range remains a crucial support zone for XRP, with an analyst suggesting it could lay the way for the next leg up. Cryptoinsightsuk posted on X that the 4-hour XRP price chart shows signs of a “bullish divergence,” a chart pattern that signifies an upward reversal may soon commence. A bullish divergence occurs when the price makes lower lows while the relative strength indicator (RSI) makes higher lows. The disconnect suggests that sellers are losing momentum and means buyers can soon take control of the market. Oftentimes, lower time frame chart patterns such as this one give early insight into higher time frame moves, especially when converging at key structural levels such as $2.87, which Cryptotoes calls a “make or break” zone for XRP. So should the bullish divergence successfully unfold, it could trigger the next higher-time-frame move. And as to how far that may go, analyst Ali Martinez looks toward $6, with his chart highlighting that XRP broke above a triangle pattern in July and is now poised for substantial growth in August. Despite this week’s dip, XRP’s outlook appears promising. Bears are losing momentum, and bulls can sense that the next leg up is close. But this echoes a broader renewed sense of market optimism right now. While prices remain down across the market this week,…
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