XRP is displaying a bullish Relative Strength Index (RSI) divergence on its daily chart, reminiscent of patterns observed near the 2022 market bottom. This technical indicator suggests potential upward momentum for the cryptocurrency. On-chain data indicates that long-term holders are decreasing their distribution, which could further support a price recovery. For XRP to confirm a reversal, it needs to close above the $1.96 mark. Conversely, a decline below $1.76 could signal a continuation of the current downtrend. Traders are closely monitoring these levels for potential market shifts.