$XRP Avoids Dip Below $2 as Bulls Regain Control

A declining average dollar age invested in XRP signals a re-trading of the token, boosting liquidity and signaling upside potential.

At 0.55, the metric reflects increased buying dominance in derivatives markets, reinforcing bullish sentiment towards XRP.

XRP could rally to $2.90 and possibly $3.50. However, the decline in trading activity puts it at risk of a pullback to $1.93.

On December 10, Ripple (XRP) temporarily dipped below $2, sparking speculation that the prolonged uptrend may be coming to an end. However, the bearish concerns were short-lived. XRP has rebounded strongly, posting an 8% gain in the past 24 hours.

Interestingly, several little-known indicators suggest that XRP’s rally this year may still have room to grow. Here’s how.