The price of XRP remains around $2.80, but various indicators suggest the market hasn’t yet hit a stable bottom point. The Bollinger Bands, an indicator of volatility, remain flashing warnings, not reassurance. [Image: U.Today]
Examining the weekly chart reveals that XRP is stuck between $2.60 (mid-band) and $3.40 (upper cap). If one were to make a prediction, it appears sellers are still pushing down on the market, as XRP’s price remains below the middle line.
On the contrary, breaking above the pivot point every week is cause for caution over optimism. The two-day view offers a clearer picture. The candles have struggled to hold above the midline and the lower band is creeping towards $2.70. This means we could potentially retest this level if buying interest doesn’t increase.
Ultimately, if XRP can break through $3.05, it would signal a shift to bullish momentum but it hasn’t happened yet.
Finally, the 12-hour timeframe shows that XRP has been stuck in a sideways drift since its significant drop in August. The price has been within the lower half of the bands, which signals weakness rather than strength.
**Ultimate XRP Price Outlook:**
XRP’s price support is still at $2.60 and then at $2.00, backed by long-term levels from earlier in the year.
Should XRP drop to $2.60, it might hit closer to $2.00 but breaking through $3.05 and then $3.35 could change sentiment and make people more optimistic.
Right now, no matter what timeframe you look at, Bollinger Bands show the same thing: XRP hasn’t confirmed a bottom point and buyers are in a dangerous position.