The number of large holders $XRP has decreased, indicating caution among investors. From a technical standpoint, it is trapped in a range between resistance at $2.83 and support at $2.52. The direction of the breakout will determine the short-term fate of the token.
If an upward trend is formed, it may reach the resistance level of $2.83. Breaking through this level will open the way to $3.15 and $3.28, the highs of late January.
In case of a downward movement, key support is at $2.52. If it does not hold, a decline to $2.33 is possible, and with increased selling, down to $1.77.