XRP entered the week consolidating within a tight range as a bullish divergence on the daily Relative Strength Index (RSI) pointed to fading downside momentum. Traders are watching $1.34 as a pivotal support level and $1.50 as near-term resistance that could validate a shift in trend if reclaimed. As of publication, XRP was trading near $1.36.
Bullish Divergence Emerges on Daily Chart
A bullish divergence has appeared on XRP’s daily chart, where price has made successive lower lows while the RSI has begun forming a higher low. This pattern suggests selling pressure may be losing strength. In February, XRP fell toward the $1.13 area in a capitulation move that pushed the RSI below 25 into oversold territory. Since then, price action has stabilized, with recent sessions clustered around $1.34–$1.40 and a broader consolidation band outlined between $1.34 and $1.50.
Key Levels to Watch: $1.34 Support, $1.50 Resistance
The $1.34 zone has acted as the lower boundary of the current range and a level buyers have repeatedly defended. According to analysis from a market commentator operating under the moniker “Guy on the Earth,” a decisive break below $1.34 would invalidate the short-term bullish setup and could open the door to another leg lower, potentially via a capitulation wick that quickly retraces above the level.
On the topside, confirmation of a trend shift likely requires a clean break above approximately $1.50, which marks the upper edge of the prevailing range. Until that level is reclaimed, the structure remains one of stabilization rather than a confirmed reversal.
Market Context
XRP is the native asset of the XRP Ledger (XRPL), a decentralized blockchain designed for fast and low-cost cross-border transactions and commonly associated with Ripple. While technical signals such as RSI divergences can foreshadow momentum shifts, confirmation typically depends on follow-through at key support and resistance levels and broader market conditions.