Overview
- XRP trades near $2.01 after repeated defenses of the $2 area this week, with a slightly negative weekly change.
- Glassnode cost‑basis data highlights support around $1.96 and $1.78, with near‑term resistance near $2.17 that bulls must clear to build momentum.
- Analyst Ali Martinez says a sustained close below $2 on higher timeframes could open downside toward $1.20, extending a downtrend from the ~$3.65 peak.
- Derivatives funding remains relatively neutral, and trading plans from chartists describe a range‑bound setup that emphasizes strict invalidation levels around $2.
- Ripple says it received conditional OCC approval to establish Ripple National Trust Bank in New York, strengthening regulatory standing with little immediate price impact.