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.
According to analysis shared on April 19 by a pseudonymous trader known as CrediBULL, recent price behavior suggests that XRP might be exiting its corrective phase.
What’s particularly notable is a growing divergence between the token’s spot price and its Cumulative Volume Delta (CVD), a metric that tracks the balance between buying and selling pressure in real time.
Typically, when spot CVD drops, so does the price, as it signals aggressive selling. But this time, XRP’s price has begun to tick upward even as spot CVD remains under pressure.
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That shift, known as spot absorption, could indicate that larger buyers are stepping in and quietly scooping up tokens while smaller traders continue to sell.
This 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.
Still, the bullish outlook remains sensitive to broader market shifts. A sudden drop in Bitcoin’s price, for example, could easily derail XRP’s early recovery signs and send the token back into consolidation.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
