Don’t Fall for $3 XRP: Bollinger Bands Signal Caution

If the price continues to decline, the path towards support levels at $2.60 and potentially even deeper into the $2.00 area remains open. If a significant change in the market structure occurs, XRP’s price would have to break above the upper band of the Bollinger Bands ($3.35) to signal a genuine shift towards a bullish trend. Until then, the current level of resistance at $3 is not a true victory; it’s simply a trap for hopeful traders.