$XRP is up nearly 2% today, with buyers defending the key $2.00 psychological level. This rebound hints at a possible short-term upward move, though the broader trend still sits within the daily downtrend channel.

If bullish momentum holds, XRP may retest $2.18 — a resistance area marked by the October 6 and November 10 highs. A breakout above this zone could open the door toward the 200-day EMA near $2.47.

Momentum indicators are showing early signs of improvement:

MACD: The blue line has crossed above the signal line, softening the previous bearish signal.

RSI (44): Turning upward toward neutral, suggesting growing bullish strength.

On the downside, strong support remains at $1.90, aligned with the June 22 low and acting as the main short-term defense for bulls.

Keep an eye on these key levels — a move above $2.18 could hint at a broader recovery, while a drop below $1.90 would likely confirm continuation of the current downtrend.

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