Analyzing XRP’s chart, analyst Cheds Trading highlights a key resistance level near the $2.75 mark on the daily chart, marked by a descending trendline and horizontal resistance. Recent highs near $2.84 have failed to hold momentum. Bollinger Bands show a squeeze, suggesting increased volatility, while the price hovers near the upper band, signaling potential overbought conditions in the short term. Community sentiment is divided; some predict drops to $2.33 or lower, while others remain optimistic about breakouts toward $4 by late 2026. Cheds Trading’s recent tweet about XRP’s retest of this key resistance has sparked discussions among traders about its short-term trajectory. As XRP trades around $2.83 amid broader market fluctuations, these developments underscore the volatility in the cryptocurrency space. 🇨🇦