PK Press Club – Popular cryptocurrencies continue to take center stage in the market, mainly due to the wild price action they have demonstrated in recent weeks. The latest episode was the bullish divergence of the Relative Strength Indicator, which appeared on an hourly chart of XRP against the leading cryptocurrency (BTC).
In market terms, such a signal is often interpreted as a harbinger of an upward movement or the strengthening of an ongoing trend. This divergence matches what XRP has already demonstrated: strong performance that is outpacing much of the market, including Bitcoin.
XRP has been on the rise lately. Since November, it has surged almost 500%, which is quite impressive compared to most other assets. In fact, in its association with BTC, XRP has soared 260% over the same period. Currently, it is valued at around 0.00031 BTC per XRP, which shows a steady progression for this altcoin.
The trend doesn’t just stop at Bitcoin. XRP has also been strong against the US dollar and stablecoins. In fact, XRP surged more than 10% in a single day, rebounding from a slight decline in the previous session. This small decline was short-lived as buyers moved in quickly, bringing the cryptocurrency back to levels near its all-time high against the US dollar.
Yet history offers perspective. The peak in the value of XRP relative to Bitcoin remains intact since May 2017. This milestone is approximately 700% higher than current levels, serving as a reminder of both the magnitude of the past and the potential of the future.
The situation is anything but ordinary. XRP’s ability to rebound and continue its growth shows a market confident in its trajectory. Traders see bullish signals as part of a larger story: a cryptocurrency finding strength where others stumble.
