Crypto
- XRP has outperformed Bitcoin and other top assets in the current cycle.
- Analysts think XRP’s latest trend is a classic consolidation.
- A crucial indicator highlights XRP as a bullish digital asset with reserve momentum.
Unlike Bitcoin and most altcoins, XRP is showing surprising strength on a key technical indicator.
Crypto analysts have since taken note of this bullish divergence, with some even suggesting XRP to outperform Bitcoin and the rest of the altcoins in the current market cycle.
XRP’s Bullish Divergence: The Kijun Sen Indicator
The key to this bullish outlook is the Kijun Sen, a critical component of the Ichimoku Cloud indicator. As one analyst pointed out on X, while Bitcoin has fallen below its weekly Kijun Sen, signaling potential weakness, XRP remains bullish on its weekly chart against the US dollar.
This analyst sees XRP’s consolidation as a loading bar for the next massive move, an opportunity for investors to accumulate the cryptocurrency at fairer prices before the next major rally.
Related: XRP Rally Breaks Trendline, Top Trader Sets $5.85 and $8.76 Targets
Another analyst, focussing on the XRP/BTC pair, forecasts another leg up in the current bull cycle, setting a minimum target of 5670 satoshi, matching the quarterly Kijun Sen level. A short-term test of 2264 satoshi is also expected.
It doesn’t matter if the rest of the crypto market pulls back; XRP’s outlook remains bullish on the Kijun Sen indicator. This divergence highlights XRP’s resilience over the past few months, with the altcoin maintaining a sideways trend despite the crypto market’s bearish sentiment.
XRP’s Price: Support and Resistance
XRP established notable support around $2, bouncing off that level multiple times since December 2024. The $2 support marks the lower limit of XRP’s sideways range. The cryptocurrency established an upper limit at $3.4, coinciding with its all-time high.
Related: XRP Rally Expected as Ripple vs SEC Case Takes New Turn
XRP was trading for $2.34 as of writing, close to 7.5% weekly rally since bouncing off the $2 support. Crypto analysts consider the sideways trend a classic build-up, potentially boosting XRP’s bullish momentum and forming the tailwind behind the next surge toward a new all-time high.
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