XRP price has tested patience for weeks. The coin is down about 18% over the last month and nearly 4% in the past 24 hours. It has spent most of its time stuck inside a tight range, making the past few weeks feel flat and frustrating.
But the latest move shows something that the earlier attempts did not. A chart signal and a shift in holder behavior now point to a bounce that might finally have enough support to hold.
A New Signal Shows That Buyers Might Be Returning
XRP has been trading between $2.28 and $1.98 since late November. This range shows that buyers and sellers have been evenly matched. But the lower side of this range recently produced something new. The price touched the bottom trend line of a symmetrical triangle. A symmetrical triangle forms when buyers and sellers slow down at the same pace, which often signals an aggresive move.
The first strong clue comes from the volume trend. Between December 6 and December 11, the price made a lower low, but the On-Balance Volume (OBV) made a higher low.
Divergence Hints At XRP Rebound: TradingView
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OBV measures whether volume is flowing in or out of a coin. When price drops but OBV rises, it shows hidden accumulation. This usually means someone is buying the dips even while the chart looks weak. That is the first sign that a bounce attempt might surface.
This combination of the triangle support and the OBV divergence hints that early buying pressure is returning.
Why This Bounce Could Finally Hold If Selling Pressure Keeps Fading
A clean bounce, if it happens, also needs lower selling pressure. Long-term holders, often the strongest group in any coin, have reduced their selling sharply. On December 3, they were moving out 101,083,156 XRP. By December 10, that number dropped to 51,157,301 XRP. That is about a 49% reduction. They are still net sellers, but the selling pressure is softening at a noticeable pace.
HODLers Selling Fewer Coins: Glassnode
The most interesting, third clue, comes from the fastest-moving wallets. These short-term XRP holders often sell into every bounce and kill momentum. But this time, they are cutting the supply. That is evident via the HODL waves metric, which shows supply held based on cohort age.
The 24-hour cohort held 1.89% of the supply on December 2. By December 10, that had dropped to just 0.22%.
24-Hour XRP Wallets Dumping: Glassnode
The one-day to one-week cohort peaked at 3.88% on December 4 and has dropped to 1.24% as of December 10. This removes the speculative pressure that usually weakens rebounds.
Short-Term Cohort Leaving: Glassnode
When long-term holders sell less and very short-term holders (speculative money) exit the market, it allows price bounces to sustain.
XRP Price Levels That Will Confirm or Break the XRP Bounce
XRP trades near $2.00 and is still inside the broader $2.28 to $1.98 range. For the bounce to gain strength, XRP needs to clear $2.17 first. That level, about 8.37% higher, is the checkpoint that decides the next push. A daily close above it improves the odds of testing the top of the range.
A move above $2.28 would confirm a range break. That would allow the XRP price to aim higher, finally.
XRP Price Analysis: TradingView
On the downside, the risk is close. A daily candle close under $1.98 weakens the entire bullish setup. If that breaks, the chart opens a path toward $1.88. That is the next major support.
