The rebound of XRP returns to the center of the debate after weeks of flat prices and moderate declines. The altcoin has retraced nearly 18% in the last month and almost 4% in the last 24 hours, remaining most of the time trapped between 2.28-1.98 dollars. This represents a range as narrow as it is frustrating for many market participants.
However, the most recent movement shows distinct nuances compared to previous attempts: a new signal on the chart and clear changes in the behavior of holders point to a rebound of XRP with more support. Next, we analyze these three clues and the price levels that may confirm or invalidate the scenario.
Technical signals of the XRP rebound: symmetrical triangle and OBV in divergence
An XRP rebound is defined as a price recovery movement after a phase of weakness, usually supported by technical signals of support and volume input.
In this specific case, the chart shows an unusual confluence: support in a symmetrical triangle and a bullish divergence of the On-Balance Volume (OBV). This combination usually anticipates aggressive movements.
Since late November, XRP has been trading within a range between $2.28 and $1.98, reflecting a tense balance between buyers and sellers. The lower part of this range has been key.
The price touched the lower trend line of a symmetrical triangle, a figure that usually forms when both forces are restrained at the same pace and the market prepares for a strong movement in one of the two directions.
Between December 6 and 11, the price marked a lower low, while the OBV built a higher low. This classic divergence indicates that, despite the visible weakness in the price chart, the net volume shows accumulation. In other words, while XRP was falling, part of the market was discreetly buying.
The OBV acts as a thermometer of volume flow. When the price declines but this indicator rises, it is often interpreted as silent accumulation by participants who prefer to build position without drawing attention.
This is the first clue that the rebound of XRP is not only supported by a specific technical bounce but also by capital inflows that could sustain a more prolonged movement.
The interaction between support in the symmetrical triangle and the divergence of the OBV reinforces the idea of early buying pressure. The chart suggests that, if the price manages to get additional confirmations, the rebound could extend beyond a simple intraday movement.
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XRP Holders, selling pressure, and key levels to validate the rebound
The rebound of XRP also depends on what holders do. Recent data shows that long-term holders, usually the most resilient group in the market, have significantly reduced their sales.
On December 3, 101,083,156 XRP were leaving; by December 10, that figure had reduced to 51,157,301 XRP, approximately 49% less. They continue to sell, but the outflow pressure has quickly cooled.
This reduction indicates that the more patient core of the market is beginning to moderate its profit-taking or defensive sales. For an XRP rebound, this change is important because it frees up space for the price to recover without facing constant supply from the same holders who historically hold the asset.
The third signal comes from very short-term wallets, those that move XRP within hours or a few days and usually act as more speculative capital.
According to HODL Waves, the 24-hour group controlled 1.89% of the supply on December 2, a percentage that was reduced to only 0.22% on December 10. The one to seven days group dropped from a high of 3.88% on December 4 to 1.24% on December 10.
This exit from the short-term cohort reduces the typical selling pressure of each rebound when these participants take advantage of any rise to exit quickly. With less speculative supply available, upward movements have more room to develop without being immediately stalled.
In terms of price levels, XRP remains close to $2.00, still within the wide range between $2.28 and $1.98. For the rebound to gain credibility, the asset needs to first surpass $2.17, a level approximately 8.37% above the current price.
“$XRP The long-term chart looks really good. The $2 level that acted as a resistance level in the last cycle has now become support. Additionally, institutional accumulation has accelerated despite the broader weakness of the market. In my opinion, if XRP stays above the $2 level, it could begin its next increase,” highlighted Niels on X.
A daily close above that zone would improve the odds of attacking the upper part of the range at $2.28. A clear break above this zone would confirm the exit from the range and provide more arguments for a sustainable rebound.
On the flip side, a daily close below $1.98 would weaken the bullish structure built in recent days. This movement would open the door for a drop towards $1.88, the next relevant support on the chart.
In summary
The possible rebound of XRP is currently supported by three pillars: technical support in a symmetrical triangle, bullish divergence of the OBV suggesting accumulation, and a notable drop in selling pressure from both long-term holders and very short-term cohorts. Together, these elements compose a more constructive context than the simple flat range of previous weeks.
However, the scenario remains conditioned by specific technical levels. As long as the price stays above $1.98 and manages to attack $2.17-$2.28, the rebound of XRP will continue to gain arguments. On the contrary, a clear break of the lower support would return the asset to a more defensive phase, reopening the debate on the real strength of demand.
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