XRP launches a bullish signal with Bollinger Bands
8:10 ▪ 5 min read
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Could XRP initiate a decisive turn? A rarely observed technical signal attracts analysts' attention: the Bollinger Bands draw a configuration conducive to a trend change. While the market remains volatile and volumes are declining, the asset shows signs of resilience above a critical threshold. Enough to rekindle the interest of experienced investors, alert to a strategic entry point. Is this movement the prelude to a new bullish cycle or just a technical rebound?
In summary
XRP sends an unexpected technical signal through Bollinger Bands, indicating a possible trend change.
The asset bounces precisely on the middle band at $3.10, considered a key short-term support.
The upper ($3.37) and lower ($2.84) bands define the levels to watch in the coming days.
The $3.50 area remains the major technical resistance to overcome to aim for a return towards $4.
An unexpected technical signal is drawn
As institutional investors return to XRP, among the most observed 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 $3.13, with a +0.76% increase 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 key support.
