Overview
- After a pullback from $2.18, XRP trades above the 100-hour average with trendline support near $2.07 and faces resistance at $2.12, $2.15, and $2.18, according to Kraken-backed charts.
- Earlier on December 9, price action met selling near $2.10–$2.16 with a bearish hourly trend line near $2.0850, signaling fragile momentum despite holding above roughly $2.05.
- Analyst Ali highlights $1.94 as the must-hold support for any measured push toward $2.50, with deeper buffers cited near $1.89–$1.77 if the level fails.
- Brave New Coin notes XRP traded around $2.05–$2.16 on December 9 within a broader descending channel since September, keeping $2.30–$2.50 as conditional targets if support persists.
- Blockonomi cites a social media claim that the CFTC approved Bitnomial as a derivatives clearing organization, a step that could enable regulated XRP futures in the U.S., though formal confirmation has not been published.