$XRP XRP Analysis: recovery meets technical resistance.

XRP shows signs of recovery after a period of intense selling pressure. The 4-hour chart indicates that the price has stabilized above the average of the Bollinger Bands, currently at $2.09, after falling below the $2.00 mark earlier in the week. The Bollinger Bands, a technical indicator that measures the volatility of the asset, are widening, suggesting an increase in volatility and the strength of the recent upward movement.

Additionally, the Relative Strength Index (RSI), which assesses the strength and speed of price movements, is at 62.30. This level indicates a healthy upward trend, though close to the overbought zone (above 70), which could limit the advance in the upcoming candles unless there is strong buying volume.