XRP holds above its 20 day moving average as rounded bottoms form near the $3.00 support zone.
Price action stays within Bollinger Bands between $2.84 and $3.36 as traders watch for a breakout.
Multiple accumulation patterns mirror the setup seen before July’s rally from $1.90 to $3.60.
XRP’s daily price action is showing a pattern that some analysts consider non-bearish, according to fresh chart data. A recent post featuring a Bollinger Band setup suggests the market may not be preparing for a major downturn. The chart, shared on August 12, 2025, shows the token trading at $3.157, marking a +0.88% gain for the session.
https://twitter.com/cantonmeow/status/1955079886206304549 Bollinger Bands Indicate Stability
The Bollinger Bands on the chart reveal price movement within a contained range. The upper band is positioned near $3.360, while the lower band sits around $2.846. The 20-day simple moving average (SMA) is at $3.103, with price candles consistently testing and bouncing around this level.
Patterns drawn on the chart resemble multiple rounded bottoms, commonly seen as consolidation or accumulation phases. These formations appeared both before and after the recent July rally, suggesting market participants may be accumulating rather than exiting positions.
Upward arrows near some recent lows suggest potential buying pressure at support levels. The most recent formation appears near $3.00, which aligns closely with the SMA and the lower Bollinger Band range.
Historical Patterns Mirror Current Setup
The chart includes several curved lines beneath price troughs, showing repeated rounded bottom structures over the past two months. The June–July transition period saw a similar pattern before XRP surged from near $1.90 to above $3.60.
After the July peak, which topped just under $3.80, the price pulled back yet continued to hold above key moving averages. Another rounded formation emerged in early August near $2.70 before rebounding toward the current $3.15 level.
The price’s ability to maintain above both the 20-day SMA and the lower Bollinger Band has historically been associated with sustained uptrends in this chart’s timeframe. Observers note that repeated formations of this kind have preceded previous upward moves.
Market Sentiment and Near-Term Observations
The tweet accompanying the chart states: “Not a bearish set up to me.” This reflects the view that the current structure does not align with typical downtrend signals.
Volume behavior and candle formations on the chart indicate controlled pullbacks rather than aggressive sell-offs. Shorter-term candles show wicks at lower ends, suggesting buyers have been stepping in during intraday dips.
XRP’s last three significant upward runs on this chart followed similar accumulation phases. The question now is whether this latest setup will lead to another breakout. Traders watching the Bollinger Bands may interpret narrowing ranges as a precursor to volatility.
The observed resilience at support zones and the maintenance above moving averages provide a basis for continued monitoring. As of the chart’s latest data, XRP remains in a zone watched closely by both short-term traders and long-term holders.
