XRP price has rebounded from recent lows, rising nearly 4% from yesterday’s bottom, before stabilizing after a slight correction. While the overall trend remains cautious, a new indicator suggests downward momentum may be fading.
As XRP issuers have recently moved closer to regulated bank status, the focus now turns to whether large holders continue to step in to confirm a true change in trend.
On the daily chart, XRP price witnessed a bullish divergence between December 1st and December 12th. During this period, the price made lower lows while the Relative Strength Index (RSI) formed higher lows. RSI measures momentum, a pattern that typically occurs when selling pressure subsides before a rebound.
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This setup has sparked a backlash, but even more striking is the behavior of the whales. The two largest groups of XRP holders have already begun to react.
Wallet holdings holding more than 1 billion XRP increased to 25.42 billion from 25.36 billion on December 9. Meanwhile, wallets holding between 100 million and 1 billion XRP have reversed the selling trend, increasing from 8.08 billion on December 11 to 8.15 billion at press time.
Together, these two groups added approximately 130 million XRP. At current prices, this equates to a net accumulation of approximately $265 million. This confirms that the largest holders are not only paying attention to this divergence, but also taking action.
Timing is also important. Ripple recently moved one step closer to receiving a U.S. banking charter, reinforcing its long-term institutional narrative. This regulatory context increases whale interest at these levels.
To keep the bullish divergence valid, XRP price needs to follow suit. The first important level is $2.11. A daily close above this level would mark a 3.72% upside from current levels and confirm that buyers are regaining short-term control. XRP has not remained above $2.11 since early December.
If this level is exceeded, the next resistance level is $2.21. Only a sustained break above $2.21 will the structure turn bullish and reopen the path to $2.58 or higher.
On the downside, the risks remain clear. If XRP price falls below $1.96 and the RSI weakens, the bullish divergence will be invalidated. This scenario would first expose $1.88, followed by $1.81 if the sell-off accelerates.
Currently, the setup is constructive but not yet complete. Momentum indicators are showing improvement and whales have responded once. For this reversal to take full effect, those major shareholders need growing support, not just a fleeting reaction.
Read Original Story The Biggest XRP Whales Are Taking Action – Will Price React? Author: Ananda Banerjee from beincrypto.com
