XRP Facing Bearish Pattern as Price Spikes

The XRP illustration has recorded the bearish divergence signifier connected its 60-minute chart, according to the 100eyes Crypto Scanner.

This signifier is based connected the narration betwixt the terms of the cryptocurrency and the Relative Strength Index (RSI) oscillator, which is utilized to find whether oregon not a definite plus is oversold. 

The bearish divergence signifier occurs erstwhile the terms of a definite cryptocurrency (or immoderate different asset) reaches caller highs portion the oscillator reaches a little high. 

Bearish divergence tin bespeak a terms downtrend since it typically signals waning bullish momentum. 

In this case, XRP recorded a little precocious connected the oscillator aft surging higher earlier today. 

Popular trader Mikybull recently predicted that things are astir to get "interesting" for XRP fixed that the breakout of the existent RSI absorption level appears to beryllium imminent. 

XRP gains against Bitcoin 

According to CoinGecko data, XRP is presently up by astir 4%, which makes it 1 of the best-performing cryptocurrencies implicit the past 24 hours alongside Solana (SOL). Earlier this Monday, the arguable cryptocurrency peaked astatine $0.5671. 

In the meantime, Bitcoin is down 1.3% implicit the aforesaid play of time. XRP has gained astir 5% against this Bitcoin. This deficiency of correlation has puzzled immoderate members of the assemblage fixed that there's nary caller ineligible developments successful the SEC v. Ripple case. 

It is worthy noting that the Ripple-affiliated cryptocurrency has seen 9 consecutive months successful the red. It remains to beryllium seen whether it volition negociate to outperform the crypto king this May to yet interruption this disastrous streak.