XRP Bollinger Bands show a narrowing range with the midline tilting down, indicating weakening momentum. Price trading below the midline and repeated rejections near $3.10–$3.20 point to defensive sentiment; a break below $2.70 risks a slide toward $2.40 while reclaiming $3.00 would signal strength.
XRP remains biased lower as Bollinger Bands compress and the midline slopes downward.
Price repeatedly rejected at $3.10–$3.20; lower band support sits near $2.70, next interest area around $2.40.
Reclaiming $3.00 would be the clearest bullish signal; current structure favors caution into September.
XRP Bollinger Bands show weakening momentum below $3.00, with key levels at $2.70 and $2.40. Read COINOTAG’s concise analysis and actionable next steps to monitor price.
What do XRP Bollinger Bands indicate?
XRP Bollinger Bands indicate momentum is weakening as the weekly midline slopes downward and price remains below that midline. Shorter timeframes show repeated rejections near $3.10–$3.20, leaving the token closer to the lower band, which favors further downside pressure unless $3.00 is reclaimed.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
On weekly and daily charts, XRP has slipped from early-summer highs near $3.60 and is now holding just above $2.80. For most of August, the daily price stayed below the midline, and each push toward $3.10–$3.20 was rejected. That pattern signals a lack of buyer conviction at higher levels.
Short-term charts (12-hour, 4-hour, 1-hour) confirm the same bias. Price action has been grinding along the lower band rather than expanding above the midline. If the lower band near $2.70 breaks, the next meaningful support zone is around $2.40. Conversely, reclaiming the $3.00 zone would be an early sign that momentum is shifting.
The middle Bollinger Band (typically a 20-period moving average) helps define trend direction. A downward-sloping midline signals that recent averages are falling, which often coincides with sellers controlling price. For XRP, the midline slope has moved from flat to down, reinforcing a cautious near-term outlook.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/xrp-bollinger-bands-suggest-limited-upside-possible-slide-toward-2-40-if-2-70-breaks-and-3-00-reclaim-would-indicate-strength/