XRP Price Stabilizes Above $1.90 as Selling Pressure Weakens and Reversal Signals Emerge

XRP appears to be showing its first meaningful signs of stabilization after weeks of sustained downside pressure. Following a prolonged decline within a well-defined descending channel, the price has managed to reclaim the $1.90 level and print a strong green daily candle. This move is notable not simply because of the bounce itself, but because it coincides with a visible slowdown in bearish momentum, suggesting that sellers may be losing control of the market.

Since October, XRP price action has respected a clear bearish structure, with lower highs and lower lows dominating the chart. However, recent behavior marks a shift in dynamics. Downward moves are now occurring on lighter volume, while the latest upward push showed cleaner participation and improved follow-through. This change often signals that short positions are becoming crowded and that the distribution phase may be nearing completion.

The $2 level is now the most important area to watch. It is not only a psychological round number, but also a key technical pivot. During the recent sell-off, XRP repeatedly failed at $2, turning former support into resistance. A decisive reclaim of this level would place the price back above the lower boundary of the broken structure and open the door for a move toward the middle of the broader consolidation range. Historically, rallies below $2 have been sold aggressively, while price acceptance above it tends to make sellers uncomfortable.

There is also a reflexive market component at play. Earlier in the cycle, XRP spent considerable time trading above $2. When it broke below, forced liquidations and momentum-driven exits accelerated the decline. A return to that zone could prompt sidelined participants to reenter, potentially adding upside pressure, especially if short sellers anticipate resistance too early.

Momentum indicators support the stabilization narrative. The Relative Strength Index has recovered from weak levels without entering overbought territory, a typical characteristic of early-stage reversals rather than euphoric rallies. While XRP still faces notable overhead supply between $2.10 and $2.40, the inability of sellers to push prices lower represents a material shift in market conditions and sets the stage for a potential trend change if follow-through continues.