XRP Price Today: XRP Gains Above $2 Support and Tests 100 WEMA, Signaling Potential Bullish Reversal

XRP is currently trading around $2.19, marking a 2.9% gain over 24 hours, while holding near the significant $2 support level. Technically, XRP is retesting the 100-week Exponential Moving Average (WEMA) at approximately $1.90, which coincides with the Supertrend indicator, forming a crucial support zone that analysts suggest could stabilize the price following its November 2024 breakout.

On-chain data reveals that whales (addresses holding 1M to 10M XRP) reduced holdings by over 180 million tokens in the last 72 hours, coinciding with a 17% price surge, indicating profit-taking. Key support is identified between $1.90 and $2.00, with resistance at $2.35–$2.45. The market is at an inflection point: holding above $2 suggests consolidation and upward momentum, whereas a drop below $1.90 could lead to extended consolidation.

(Source：Brave New Coin)