XRP's recent trend has finally shown some signs of "stopping the decline." After several weeks of continuous decline, the price has started to stabilize and has returned above $1.90, showing a relatively obvious upward daily line. This feels more like a natural rebound after a reduction in selling pressure, rather than a quick pull-up that ends abruptly.

Since October, XRP has been operating in a downward channel, but recently a change can be observed: the selling pressure is not as fierce as before. The trading volume during the decline is decreasing, while there is more capital participating during the rebound, which usually indicates that those who wanted to sell have mostly done so, and the market is beginning to enter a consolidation phase.

Currently, the most critical price level is $2. This position is not only easy to remember but also very important. Previously, during the decline, the price repeatedly hovered here, and now it has become a "watershed." Simply put:

If the price is below $2, any rebound is likely to be sold off;

Once it stabilizes above $2, the psychological pressure on sellers will significantly increase, and there will be room for the market to continue to rise.

There is also a psychological reason. XRP had previously operated above $2 for a long time, and many people were forced to stop-loss when it fell below. If the price returns to this level, some people may choose to buy back instead of selling, which could further push up the price.

From the indicators, there are currently no signs of frantic chasing of prices; the market is simply recovering from a "weak" state, which is typically a characteristic of the market just beginning to stabilize.

Of course, this does not mean that XRP will surge immediately. There is still considerable selling pressure between $2.10 and $2.40, which will take time to digest. However, it can be confirmed that short sellers are no longer making profits as easily as before, and the market structure is changing.