๐ One Critical XRP Price Level Emerges โ Holding It Could Trigger a 9% Bounce
$BTC XRP is currently trading near $1.99, down about 1% in the last 24 hours. On a weekly basis, itโs only around 4% lower, showing better stability than many altcoins like ADA and BCH despite overall market volatility.
What stands out right now is an early bullish reversal signal on the daily chart. Itโs not confirmed yet โ but if one key support level continues to hold, the probability of a short-term bounce of ~9% increases.
๐ Bullish Divergence + Strong Support Between Dec 1 and Dec 14, XRP formed a bullish divergence: โข Price made a lower low
โข RSI made a higher low
This often signals that selling pressure is weakening. On the daily timeframe, such a setup can precede a trend reversal โ but only if support holds.
๐ Key Support: $1.97 XRP has repeatedly defended the $1.97โ$1.98 zone.
On-chain cost basis data shows around 1.79 billion XRP were accumulated here, making this a strong demand area. Holders near this level are less likely to sell at a loss, reinforcing support.
As long as XRP stays above $1.97, the bullish divergence remains valid.
๐ฏ Upside Target: $2.17 If support holds, the first major resistance is near $2.17 โ about a 9% move from current levels.
Why it matters: โข Around 1.36 billion XRP were bought between $2.16โ$2.17
โข This makes it a heavy supply zone where selling pressure can appear
A daily close above $2.17 could open the door to $2.28, then $2.69, and potentially $3.10, depending on broader market strength.
โ ๏ธ Invalidation A daily close below $1.97 would weaken this setup and expose downside toward $1.81 and $1.77.
๐ Bottom Line XRP is at a decision point.
The bullish reversal signal is active โ but only if $1.97 continues to hold.
