XRP Recovery Hopes Rise as One Metric Hits a 6-Month Low — What’s Next for Price?

Despite a sharp 16% correction in January, XRP is showing signals that selling pressure may be exhausting, suggesting a potential counter-trend move. Key indicators include a bullish divergence on the daily chart's RSI, which previously preceded a 33% rally when the same structure appeared. Furthermore, on-chain data indicates panic selling has collapsed, with coin activity dropping to a six-month low, and short-term holders are deeply underwater, reducing the incentive to sell. For a recovery, XRP must overcome key cost basis resistance clusters, with the first major hurdle at $2.00, followed by heavy resistance between $2.14 and $2.16; a clean break above $2.17 could target levels near $2.89, while a drop below $1.84 would invalidate the rebound thesis.

(Source：BeInCrypto)