XRP’s price currently exhibits potential reversal signs, though the prevailing bearish divergence continues to impact its movement. Over the past 24 hours, XRP briefly dipped below the $2.25-$2.30 support range but has so far avoided a daily close below this level. While this bounce offers a glimmer of hope for bulls, it’s essential to acknowledge that it doesn’t guarantee the end of the bearish divergence. On larger timeframes, the bearish trend remains visible, and market sentiment is still heavily influenced by this pullback. It’s important to note that while this bounce may offer a brief respite, the price could still face further challenges, especially if the bearish pattern persists. 2023 has shown us the volatility of XRP, as its price continues to fluctuate between bullish and bearish trends. XRP is currently testing resistance levels on a smaller time scale, specifically in the range of $2.30 to $2.46. This zone acts as a critical pivot point for potential bullish or bearish scenarios. A breakout above this resistance could signify a shift towards bullish activity, while failure to break through might indicate further downside risk. The immediate support level that traders are watching is at $1.95. If the price falls below this level, further corrections might occur. Conversely, if support at $1.95 holds strong, we could see a return of bullish momentum and a potential rally. Should the price decline further, the next key support level lies at the February low of $1.77. 10% gains in February are possible for XRP. 5-wave pattern is expected to show the market bottoming out. A successful break above the $2.46 resistance could signify a shift towards a bullish phase, invalidating the previous bearish scenario and paving the way for a strong uptrend.