Can XRP break through $2.17? On-chain data and technical signals provide the answer

Current XRP quote is $2.07, down 3.49% in 24 hours, but only down 2.58% over 7 days, showing relative resilience. More importantly, a common bullish divergence signal has just appeared on the daily chart — which could mean a rebound opportunity is imminent.

Support level held, making the bullish divergence meaningful

XRP has formed a typical bullish divergence over the past two weeks (December 1 to December 14). Simply put: the price made a new low, but the momentum indicator RSI did not follow suit with a new low. This mismatch usually indicates weakening selling pressure and that buyers are quietly accumulating strength.

But this signal has a prerequisite — XRP must hold above $1.97.

Why is this so critical? On-chain data tells the full story. According to the cost basis heatmap, about 1.79 billion XRP were bought in the $1.97-$1.98 range. When the price returns to this level, most holders are unlikely to cut losses, naturally forming a solid support. As long as XRP stays above $1.97, the bullish divergence logic remains valid.

The first real test: $2.17

If support holds, XRP has room to break upward. The recent target is around $2.17, which means about a 9% increase from the current position. This number is not arbitrary — the cost heatmap shows that 1.36 billion XRP were accumulated in the $2.16-$2.17 range.

This will likely be a tug-of-war. Many holders will take profits at this level, increasing selling pressure. Breaking through $2.17 requires volume support.

More targets higher up

Once $2.17 is effectively broken (closing price above it), XRP could continue upward to $2.28, $2.69, and eventually reach $3.10. But those are future considerations; the immediate focus is whether $2.17 can be conquered.

Risk warning

Conversely, if the daily close drops below $1.97, the bullish divergence hypothesis will be invalidated. In that case, the next wave of decline could head straight toward $1.81 and $1.77.

XRP is now at a crossroads. Technical signals are flashing positive, and on-chain data also supports the $1.97 line of defense, but ultimately, it depends on whether it can hold this level. The short-term 9% upside opportunity is hidden in this detail.