"The divergence is real," a market watcher noted as XRP's three-day chart began flashing conflicting signals. While the token printed another lower low, its RSI climbed to a higher low, a classic sign that sellers are losing conviction. Down 43% year-to-date, XRP has spent 2026 in a grinding decline, but chart data now suggests the worst may be behind it. Analyst EGRAG sees the structure following an Elliott Wave pattern, with the current pullback representing Wave 2. If that holds, the next push higher could target $43.83, though confirmation remains distant.
The bullish divergence visible on the chart shows weakening downside momentum, even as prices sit depressed. This pattern typically shows up near major bottoms, which is why several traders are eyeing the current setup with fresh interest. For the rally to trigger, XRP first needs to break above its corrective structure and reclaim a key resistance cluster. Until then, the divergence remains an early signal rather than a confirmed reversal. The token must navigate several resistance walls before any Wave 3 can be considered underway. Support sits in tiers: $1.00 to $0.95 forms the first major zone, while $0.75 and deeper structural support between $0.60 and $0.52 could come into play if sellers press further.
What makes this setup intriguing is the timing. Elliott Wave analysts have long tracked XRP's cycles, and if this interpretation is correct, the market may be near a turning point. The divergence combined with the wave count suggests momentum could flip soon, though crypto markets have faked out many bullish setups before. Traders watching the $1.00 level closely know that a clean break above resistance would signal the next phase is beginning. For now, the chart points to opportunity, but buyers need to show actual conviction before calling a bottom locked in.
This is analytical commentary on price structure and technical signals. Not financial advice, and past patterns do not guarantee future results.
