Main XRP Price Scenario Revealed by Bollinger Bands, and It's Bullish
Main Idea
Bollinger Bands analysis suggests a bullish scenario for XRP price, indicating potential record-breaking movement if key support levels hold.
Key Points
1. XRP is currently trading around $3.17, positioned in the middle of its range, suggesting directional movement rather than random drifting.
2. The breakout above $2.30 led to significant inflows, with the market not rejecting the move despite some sharp dips.
3. If XRP maintains above the $3.05-$3.10 range, it could move toward the upper volatility band, potentially challenging the $3.79 level.
4. The RSI has cooled, indicating the token is no longer overbought, but the uptrend remains intact.
5. The price structure has shifted from choppy to more directional, with key levels holding steady, suggesting the trend is preparing for its next move.
Description
Bollinger Bands hint XRP price's next move could break all price records
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