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Based on the AMBCrypto Analytics:

👀Can XRP rebound to December highs? Data suggests…

Ripple’s [XRP] price action in the last few days has been on the opposite side of what it was on the 9th of December 2023. As of the aforementioned date, XRP’s price rallied to $0.70.

But since 2024 began, the token has failed to hit such heights. At press time, XRP changed hands at $0.54, representing a 13.65 %  Year-To-Date (YTD) decrease.

Depending on the level of buying pressure, XRP could hit between $0.60 and $0.70. If this happens, then the $1 predictions could become plausible.

However, the On Balance Volume (OBV) has remained around the same region since the 19th of February.

However, the OBV reading was not negative, meaning that investors were not hesitant to buy. But if XRP was to have any chance of hitting $0.70, investors need to increase accumulation.

$XRP