The price of XRP, Ripple's cryptocurrency, is under More than 6% in the past 24 hours, according to data provided by CoinGecko.

However, according to 100eyes Crypto Scanner, the XRP/USDT pair has formed Bullish divergence on the hourly chart.

This suggests that XRP bulls may see a comfortable bounce in the near future.

Bullish divergence tends to occur when the Relative Strength Index (RSI) rises despite falling prices.

This indicates that the current downtrend is gradually becoming weaker.

Naturally, this bullish divergence should be treated with a little caution because it must be analyzed in conjunction with other key technical indicators.

Currently, XRP remains the worst-performing token in the top 10 after its price fell 6% on Thursday.

Some other major coins are also in the red, with Cardano (ADA) and Dogecoin (DOGE) down 5.9% and 5.7%, respectively.

Bitcoin, the leading cryptocurrency by market cap, fell more than 3% after approaching the $100,000 level on Christmas.

Recently, XRP saw a short-lived rally following the official launch of Ripple's RLUSD stablecoin. However, this was not enough to reignite XRP's momentum.

The token is still 36.3% away from reclaiming the record high achieved in early 2018. It came close to reaching a new record peak in early December but was unable to do so.

However, there are some bullish catalysts that will likely reignite the XRP rally in 2025. These catalysts include the SEC's newfound crypto ease and the growing XRP ETF hype.