XRP price is trading near $2.80 and Bollinger Bands across timeframes show no confirmed bottom. Immediate support is at $2.60 (then $2.00); key resistances are $3.05 and $3.35. Traders should remain cautious until weekly closes above the mid‑band pivot.
XRP stuck below weekly mid‑band: sellers remain in control.
Lower Bollinger Band near $2.70 suggests a possible retest of $2.60 if buying interest fades.
Clear upside confirmation requires weekly close above $3.05 and sustained move past $3.35.
XRP price outlook: XRP trades near $2.80 with Bollinger Bands warning; support at $2.60 and $2.00, resistances $3.05/$3.35. Read analysis and next steps.
What is the XRP price outlook?
XRP price outlook shows the token trading around $2.80 with technical indicators signaling no confirmed bottom. Weekly Bollinger Bands place XRP below the mid‑band, indicating seller dominance; support sits at $2.60 and $2.00 while resistance cluster begins at $3.05 and $3.35.
How do Bollinger Bands describe current XRP momentum?
Across the weekly, two‑day and 12‑hour charts, Bollinger Bands show the price in the lower half of the bands. This pattern reflects volatility skewed to the downside and a lack of sustained buying pressure. Traders often see this as cautionary for new long entries.
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The weekly chart puts XRP squeezed between the $2.60 mid‑band and an upper cap near $3.40. Persistent closes below the weekly midline suggest sellers still influence price action.
On the two‑day timeframe, candles repeatedly fail to hold above the midline and the lower band is approaching $2.70. This increases the probability of another test of $2.60 if buying volume does not return.
Zoomed to the 12‑hour chart, XRP has drifted sideways since its August drop, often occupying the lower half of the bands—a signal of technical weakness rather than strength.
A sustained weekly close above the mid‑band—specifically clearing $3.05—would be the first clear sign of momentum rotation. Follow‑through above $3.35 would strengthen the case for renewed bullish sentiment and higher targets.
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Source: https://en.coinotag.com/xrp-may-not-have-found-a-bottom-as-bollinger-bands-signal-risk-2-60-support-3-05-key-level/