XRP Price Nears $2.33—Breakout or Reversal Ahead?

XRP has regained 50% of its recent losses, showing signs of a strong recovery. Currently trading at $2.29, the altcoin is testing a key resistance level at $2.33. Analysts believe sustained investor support could push XRP even higher.

Long-Term Holders Strengthen XRP’s Stability

The Long-Term Holder Net Unrealized Profit/Loss (LTH NUPL) indicator shows that long-term investors are in profit. Historically, when LTHs remain committed, the price tends to rise as fewer holders sell their assets.

Additionally, the Price DAA Divergence indicator is flashing a buy signal, suggesting increased market activity. A rise in daily active addresses (DAA) indicates growing confidence among traders, which could further fuel XRP’s recovery.

XRP Price Needs to Break Key Resistance

Over the last four days, XRP has surged 13%, reclaiming half of its previous 22% drop. Now, it faces a crucial test at $2.33.

• If XRP surpasses $2.33, it could rally toward $2.70, fully recovering recent losses.
• If it fails to break through, a pullback to $2.14 or even $1.94 could erase gains and shift momentum bearish.

Holding above $2.33 is essential to maintain the current bullish trend and drive further upside.