XRP Price Analysis: Bullish Divergence Breakdown

ChartNerd (@ChartNerdTA), a well-respected crypto analyst on X, has posted a detailed video analysis about XRP. The analyst drew attention to a bullish divergence that has been developing for several months. His breakdown started well before recent price weakness. It began at the asset’s all-time high in July, when XRP surged to $3.65 and then stalled. According to ChartNerd, price action after that peak formed a clear technical structure. The asset created a descending resistance line while holding a flat horizontal support. The price continued to compress inside this descending triangle, printing lower highs as selling pressure increased. The decisive moment came in October. XRP lost that horizontal support and shifted into a new trend. ChartNerd said this breakdown marked the start of a lower low trend line that has remained intact since then. From that point forward, XRP price respected the downside structure, even during short-lived rebounds. $XRP Bullish...

https://timestabloid.com/xrp-price-analysis-bullish-divergence-breakdown/