XRP price action is now showing signs of resilience as it moves tightly around a key support level and fights against further downside pressure. Despite recent pressure in the broader crypto landscape, XRP has repeatedly held this level. With bearish momentum waning and volatility decreasing, it could be setting up for a possible reversal.
Support cluster shows strength as XRP holds firm
XRP is reaching a point where it refuses to go any lower. Crypto analyst Henry has done that noted on
This level has been tested, rejected and respected with precision, but this bounce feels different because the structure looks cleaner, the moment feels calmer and the overall price action seems controlled. Whether it breaks out this time or not, the setup is undeniably changing quickly.
Adding to the momentum story, Bloomberg reports that Vanguard, an $11 trillion asset manager, will give clients access to its XRP ETFs starting tomorrow. Meanwhile, US spot crypto ETF flows totaled a solid $90+ million on December 1. As a result of the setup, Henry has suggested that the next big target is around $2.20 if the market confirms the move.
A reverse look at the XRP chart over the past six weeks reveals an instructive 3-drive pattern, a formation that has consistently preceded major reversal events in crypto. According to According to Dom, the translation to a higher low has finally formed, signaling the first sign that a trend change could be developing.
However, bulls need to regain the monthly RVWAP around the $2.22 zone, and a position above this area would represent a significant shift in the structure, opening the door for a continuation of the rally towards the $2.50 range. The order books are clear enough: if the momentum is going to turn, now is the time. If this price setup fails to maintain this structure and falls back below $2.00, Don warns that the end of the year could become less favorable.
Why exchange balance is the ultimate supply metric
The co-founder of Tedlabsio, trader and investor Niels, be turns out that XRP just delivered one of the strongest bullish signals we’ve seen in the current market cycle. In the past two months, approximately 45% of XRP supply on exchanges has been withdrawn and removed from trading platforms.
A drop in currency supply this sharp will only happen if the smart money stacks up strongly. When the available supply on the stock market decreases, the selling pressure decreases, and this is how big moves begin. Niels thinks that XRP participates in this phase where most people haven’t noticed yet.