XRP Nears Triangle Base: Data Points to Possible Recovery
XRP is presently forming the upper edge of a wide triangle structure and negotiating a risky position beneath a descending trend line. The base is at $1.94, and a decline below it can lead to a large extension of the negative. At the moment, XRP is only around 3% above this crucial floor. A rare on-chain signal from long-term holders is providing a glimmer of hope for a possible revival, despite the technical setting appearing negative.
XRP Faces Key Support at $1.96–$1.97 Cluster
Areas where the majority of XRP tokens were first bought are indicated via on-chain statistics. These clusters frequently serve as effective zones of support or resistance. The strongest current cluster, which includes over 1.79 billion XRP, is located between $1.96 and $1.97. This cluster would be forced underwater if XRP broke $1.96, particularly $1.94, which might hasten the price decline into the next significant support level near $1.81. This area is the best place to keep an eye on XRP’s future developments because of the overlap between technical levels and on-chain support.
XRP Sees 150% Swing in Holder Net Position Change
A major movement has appeared in the Holder Net Position Change, which measures accumulation and distribution by long-term wallets. On December 1, long-term holders of XRP switched from net outflows of –83.9 million XRP to positive inflows after 29 days of net outflows. Long-term investors are actively testing the support zone, possibly getting ready for a rebound, as shown by this 150% swing. XRP may try to rebound if this accumulation keeps up and the $1.94–$1.97 cluster holds. A clear break over $2.28 would lift XRP above the declining trend line and ease the existing sell pressure, while the initial barrier remains at $1.99.
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