XRP at $1.78: Bollinger Bands Signal Potential Drop

Recent price action for XRP reveals a concerning trend. Currently trading near $2.23, the cryptocurrency saw rejection just below the mid-band line on the weekly timeframe, which sits around $2.39. This level often serves as a dividing point between bullish and bearish sentiment, with sustained price movements below it signaling increased downside pressure. If the situation doesn’t improve, a retest of the lower Bollinger Band is likely, potentially resulting in XRP dropping roughly 20% from its current price point. 💰