XRP Shows Signs of Strength as Analysts Watch Key Support Zone

After weeks of sideways movement, XRP may finally be finding its footing. A crypto market observer believes the digital asset is forming a base just under $2, pointing to the $1.60 level as a potential pivot zone where bullish momentum could return.

XRP has been showing signs of strength after weeks of sideways movement, which may be indicating that the token is finally finding its footing.

After holding in a range-bound pattern for several weeks, XRP appears to be forming a base just under the $2.00 mark, which could be setting the stage for another leg of the bull market, according to a crypto market observer.

In analysis shared on April 19, the pseudonymous trader, known as CrediBULL, highlighted the $1.60 level as a potential pivot zone where the token could encounter renewed bullish momentum.

The trader noted that recent price behavior suggests XRP might be exiting its corrective phase and pivoting back into a bullish trend.

Typically, when spot CVD drops, so does the price, as it signals aggressive selling. However, in the case of XRP, the token’s price has begun to tick upward even as spot CVD remains under pressure.

This shift, known as spot absorption, could indicate that larger buyers are stepping in and quietly scooping up tokens while smaller traders continue to sell.

The divergence breaks with the pattern XRP had been following for weeks and could be an early hint of a trend reversal. The upward movement from the $1.60 area also supports the idea that the market may have completed a correction and is beginning a new leg up—assuming conditions remain favorable.

However, the bullish outlook remains sensitive to broader market shifts. A sudden drop in Bitcoin’s price could easily derail XRP’s early recovery signs and send the token back into consolidation.