$XRP is sitting around $1.99 right now – down just 1% in the last day and only 4% lower on the week. While many alts like ADA and BCH are swinging wild, XRP stays calm. That’s not weakness; it’s strength in disguise.
Look closer at the daily chart, and there’s an early bullish reversal brewing. Between Dec 1 and Dec 14, price made lower lows, but the RSI (a momentum tool that tracks buying/selling power) formed higher lows. That’s a classic bullish divergence – sellers are losing steam even as price dips.
This signal often flips the trend from down to up. But it only works if support holds.
The magic level? $1.97.
XRP has defended this zone over and over. On-chain data backs it up: cost basis heatmap shows huge clusters of buys between $1.97–$1.98. Around 1.79 billion XRP piled up here. Holders who bought at these prices rarely sell at a loss – it creates rock-solid support.
As long as price stays above $1.97, the reversal setup stays alive.
First real upside test: $2.17 (about 9% from here). Heatmap shows heavy supply there too – roughly 1.36 billion $XRP XRP bought between $2.16–$2.17. That’s resistance, where profit-taking could hit.
Clear $2.17 on a daily close? Path opens to $2.28, then $2.69, and even $3.10 if momentum builds. But those are secondary for now – everything depends on broader market mood.
Lose $1.97? The setup weakens fast. Next supports at $1.81 and $1.77.
Right now, XRP is at a decision point. Bulls have the edge as long as that key floor holds.
Watching close.
