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XRP Looks Strong Despite Market Ups and Downs
Even though the market has been a bit crazy lately, XRP is still looking strong. Its price is staying close to the top part of the Bollinger Bands – a technical tool that traders use to check if a coin is gaining or losing strength.
Earlier this month, XRP was moving around $1.90. But since then, the price has gone up steadily and recently passed the important level of $2.20. This is a good sign for XRP. It means the price is now in the "bullish zone" – where buyers are stronger than sellers.
XRP’s price is also staying above the middle line of the Bollinger Bands (called the 20-day moving average). Every time the price gets close to this line, buyers come in and push it back up.
Right now:
$2.16 is acting as support (a strong price level where buyers usually step in).
$2.30 is the next resistance (a level where selling might happen).
Looking at the bigger picture, the area between $2.00 and $2.20 used to be a hard level to pass. Now, it's acting as a support level. This is a big deal for traders because it shows the price is getting stronger.
Also, earlier this month, the Bollinger Bands got very close together (called a "squeeze"), which often happens before a breakout. That breakout has now happened, and XRP is holding its gains.
Bottom line: XRP is not exploding in price, but it's showing strong, steady growth. This kind of movement often happens before another big price jump.
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