Overview
- XRP is hovering around $2 after another bounce from this psychological level, with traders monitoring whether the support holds on higher timeframes.
- Blockchain data show wallets holding over 1 billion XRP lifted balances from 25.36 billion to 25.42 billion since December 9, while 100 million–1 billion wallets rose from 8.08 billion to 8.15 billion, a combined increase of about 130 million XRP (~$265 million).
- On‑chain cost‑basis analysis flags $1.96 and $1.78 as support zones and $2.17 as near‑term resistance, while separate macro levels highlight $2.41 as resistance and $2.03 and $1.64 as supports.
- Analysts caution that a confirmed breakdown below $2 on multi‑day charts could open a path toward roughly $1.20, though derivatives positioning remains relatively neutral.
- Ripple’s conditional OCC approval to form Ripple National Trust Bank in New York has strengthened regulatory footing, yet market reaction has been muted as technical structure dominates price action; some chartists still outline longer‑term targets near $27 after potential corrective phases.