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XRP’s recent price action is a far cry from the bullish sentiment seen just days ago. A glance at TradingView’s Bollinger Bands across multiple timeframes paints a clear picture: the market isn’t finding its footing; it’s succumbing to a slow, disheartening drift.
The monthly chart provides the clearest indication of this: the midband remains below $2, hovering around the $1.82-$1.85 range.
XRP’s surge past that ceiling proved fleeting, a burst of exuberance unsupported by lasting conviction. The trend never truly bent; instead, the price is now gravitating back to what the market stubbornly deems its rightful place.
XRP’s weekly candles scream pressure. The digital asset is pinned beneath the $2.69 midband, clinging desperately to the lower band around $1.94 like a shipwreck survivor to a life raft. Multiple dives to this level have yielded only feeble bounces, each rally fizzling out faster than the last. The market is stubbornly rejecting any attempt to hold ground above the former launchpad of $2.20-$2.30, suggesting a deeper descent could be imminent.
Imagine a rubber band stretched again and again, its snap weakening with each pull. That’s what happens when a price chart keeps bouncing off the same support. But instead of snapping back gently, expect a violent recoil – a sharp, aggressive break through that floor. Think of it as the market building up pent-up energy, ready to explode.
Why XRP bulls need to act fast
XRP’s daily chart is a pressure cooker. The price, pinned below the $2.12 mark for weeks, is a slow-motion train wreck. Each failed attempt to break free tightens the noose. The lower Bollinger Band, looming near $1.95, acts as a constant threat. Even worse, the bands themselves are starting to droop, whispering a clear message: don’t expect a sudden turnaround. The momentum needle is firmly stuck on “down.”
XRP’s compass still points south, charting a course for sub-$2 waters. Short-term ripples haven’t disrupted the underlying current. Without a forceful resurgence of buying power to seize the middle ground, XRP is poised to revisit depths the market couldn’t quite escape.
Thanks for reading $2 XRP May Soon Become No More Than a Dream: Bollinger Bands Warning
