XRP Loses $3 and Bollinger Bands Have Bad News
Main Idea
XRP's price has dropped below $3, and technical indicators like Bollinger Bands suggest a potential further decline of up to 20%.
Key Points
1. XRP price has fallen below $3, breaking a key support level around $3.19 that previously held during market dips.
2. The daily Bollinger Band lower band is around $2.76, indicating a possible next stop for XRP's price.
3. On the weekly chart, XRP has exited the upper Bollinger Band zone and may retest the midline around $2.39.
4. The current cooling phase could prolong until XRP reaches the 20-day average again, which may not favor bullish investors.
5. Despite the bearish signals, the article notes that XRP is not necessarily on the verge of a collapse.
Description
Bollinger Bands hint XRP price's next stop could be 20% lower
$XRP
$2.9748
-1.24%
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