Is XRP Price Hinting at a Bounce? 3 Clues Say This One Could Finally Hold
Three key signals suggest XRP's price might finally bounce after weeks of stagnation within a tight range.Summary
XRP price has been frustratingly flat, trading between $1.98 and $2.28 since late November, but new indicators suggest a potential rebound. The first clue is a bullish divergence on the On-Balance Volume (OBV) as the price made a lower low while OBV made a higher low, indicating hidden accumulation. The second clue is that long-term holders have significantly reduced their selling pressure, dropping from moving out over 101 million XRP to around 51 million in a week. The third, and most crucial, clue is that short-term, speculative holders are exiting the market, evidenced by the sharp drop in the 24-hour and 1-7 day cohorts' supply held, which typically removes momentum-killing selling pressure during bounces. For the bounce to confirm, XRP needs to clear the $2.17 resistance level, with a daily close above $2.28 confirming a range break; conversely, a close below $1.98 would invalidate the bullish setup.
(Source：BeInCrypto)