Key Indicator Shows Ripple Price Could be on the Verge of a Rally

The majority of the Ripple holders were waiting for the yearly Swell conference to bring some excitement to XRP price.

The price didn't move at all and Ripple is searching for annual lows on its USD pair.

The question is, was it reasonable for investors to expect a vast rally before the Swell conference or should they have not expected any upward movement at all? Let's look at the charts to see what XRP price might do in the future.

The trend is quite clear and readers will notice that XRP price has continued to fall since the peak in January 2018.XRP USD 2-day chart.

Quite remarkably, the 2-day chart provides clear data regarding the impact of the past three Swell conferences on XRP price.

The XRP/BTC 2-day chart shows XRP price hovering on a vital support area.

Currently, the daily chart is providing data that XRP price is in a crucial support area.

The last time a bullish divergence occurred on the 4-day chart, the price surged 5,500% and 180%. A bullish divergence is not a guarantee of any price movements, but they are seen as one of the significant indicators for a potential trend reversal.

At the time of publishing, XRP price is still making lower highs and lower lows, so an upwards breakout is needed to speak of bullishness.

Holding XRP through the past two years didn't bring a high return on investment as the price is down 93.45% since its all-time high.