PakGazette – The popular cryptocurrency continues to take center stage in the market, mainly due to the wild price action it has shown in recent weeks. The latest episode was the bullish divergence in the relative strength indicator, which emerged on an hourly chart of XRP against the leading cryptocurrency (BTC).
In market terms, this signal is often interpreted as a precursor to a bullish move or the strengthening of an ongoing trend. The divergence aligns with what XRP has already demonstrated: strong performance outperforming much of the market, including Bitcoin.
XRP has been on a roll lately. Since November, it is up almost 500%, which is quite impressive compared to most other assets. In fact, in its combination with BTC, XRP rose 260% in the same period. Right now, it is valued at around 0.00031 BTC per XRP, showing steady progress for this altcoin.
The trend doesn’t just stop with Bitcoin. XRP has also been strong against the US dollar and stablecoins. In fact, XRP is up more than 10% in just one day, recovering from a slight drop in the previous session. That small drop was short-lived as buyers quickly intervened, pushing the cryptocurrency to levels close to its all-time high against the dollar.
Still, history provides perspective. The peak of XRP’s value against Bitcoin remains intact since May 2017. That milestone sits roughly 700% higher than current levels, a reminder of both the scale of the past and the potential for the future.
The situation is anything but ordinary. XRP’s ability to recover and continue growing shows a market that is confident in its trajectory. Traders see the bullish signals as part of a larger story: a cryptocurrency finding strength where others stumble.
