XRP price holds $2 demand area as on-chain data points to potential local bottom

XRP has continued to defend the $1.96–$2.0 support zone while trading above the $2 psychological demand area. On-chain and derivatives metrics, including funding rates, spot CVD and cost basis distribution, suggest buyers may be accumulating and a local bottom could be forming near current levels. A move below $1.96 could deepen bearish sentiment, while the $2.15 region remains a key resistance for bulls.