While institutional investors return to XRP, among the most closely watched technical indicators currently, the Bollinger Bands send a clear signal: "Could a trend change be on the way for XRP?".
Currently, the asset is trading at $3.11, with an increase of +0.76% in 24 hours, after reaching a daily peak of $3.16. This rebound has occurred precisely at the middle band level, located at $3.10, a level interpreted as a key support.
The technical indicator therefore outlines a setup in which a bullish recovery remains possible, as long as the price stays above this middle line. The other two reference levels, $3.37 for the upper band and $2.84 for the lower band, frame this dynamic, thus defining the current maneuvering range of the asset.
The current technical context can be summarized with several concrete elements:
▫️Current price: $3.11, with a slight increase in 24 hours;
▫️Rebound level: $3.10, corresponding to the middle Bollinger band, considered a decisive support;
▫️Upper band: $3.37, identified as the next resistance to overcome;
▫️Lower band: $2.84, a support level in case of a bearish change;
▫️Trading volume: notably declining, with a drop of -31.97%, to $6.6 billion;
▫️Main graphic signal: maintaining XRP above its middle support, paving the way for a possible push towards the upper band, provided there is a return of volumes.
These on-chain data reflect a fragile but constructive technical setup, where the price seems ready to evolve upwards... under the condition of increased participation in the crypto market. The next major test will undoubtedly be the $3.37 area, whose break could set the tone for the future.