Recently, the XRP market has experienced a significant adjustment, with prices falling nearly 23% in the past 30 days, marking one of the largest declines of this quarter. However, the latest data suggests that this encryption currency may have passed its most difficult period and is showing signs of recovery. In the past 24 hours, the price of XRP has rebounded by 6%, and this positive signal has sparked discussions in the market about a potential reversal. Multiple technical and on-chain indicators are highlighting positive changes, suggesting that market sentiment may be shifting. On-chain data analysis reveals that investor sentiment is reaching a fatigue point, which is often seen as a precursor to the market about to hit bottom. Historical data indicates that XRP often experiences significant rebounds after reaching similar lows. The market performance in April and June of this year is a good example, when XRP achieved increases of 20% and 74% in the short term, respectively. On the technical front, XRP's relative strength index (RSI) is forming what is known as a "hidden bullish divergence." From April 7 to October 10, despite the price creating higher lows, the RSI showed lower lows. This phenomenon typically occurs during brief correction phases within an overall upward trend, suggesting that XRP's upward momentum since April of this year may not have fully dissipated. In addition, the price structure of XRP's technology also supports the view of a potential rebound. The market has experienced three death crosses (the short-term moving average crossing below the long-term moving average), which is often seen as a signal that the adjustment is about to end. Although market fluctuations may continue in the short term, various indicators suggest that XRP seems to be preparing for a possible rebound. Investors should closely monitor market trends in the coming weeks while keeping in mind the inherent high-risk nature of the encryption market.

The crypto market has shown significant recovery in the last 24 hours. In the Bitcoin and Ethereum markets, increases have restored confidence among investors; meanwhile, strong rises in altcoins such as XRP, Cardano, Solana, and Dogecoin have also drawn attention. This broad recovery in crypto assets is supported by increasing trading volumes. Signal of trust in Bitcoin: New rise wave