One Critical XRP Price Level Surfaces — Holding It Could Trigger a 9% Bounce
XRP shows a bullish divergence signal, and holding the $1.97 support level could trigger a 9% bounce toward $2.17 resistance.Summary
XRP is currently trading near $1.99, showing relative stability. The daily chart indicates an early bullish reversal signal via a bullish divergence between December 1st and 14th, where the price made a lower low but the Relative Strength Index (RSI) made a higher low, suggesting fading selling pressure.
This bullish setup is contingent upon XRP defending the critical support level around $1.97, which is reinforced by a dense cluster of approximately 1.79 billion XRP accumulated by holders in that price range. If XRP stays above $1.97, the first upside target is resistance at $2.17, representing a potential 9% move, where another large supply cluster of 1.36 billion XRP is situated.
If this $2.17 resistance is broken, further gains toward $2.28, $2.69, and $3.10 are possible. Conversely, a daily close below $1.97 would invalidate the reversal setup and expose XRP to downside risks toward $1.81 and $1.77.
(Source：BeInCrypto)