XRP Loses $3 and Bollinger Bands Have Bad News

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.