Amidst a mixed crypto market, XRP is grabbing the spotlight with Bollinger Bands and technical signals hinting at a potential target of €3.50. Investors are closely monitoring this development as uncertainties and hopes for recovery persist.
As the autumn season traditionally brings increased volatility, the global crypto asset market oscillates between hope and uncertainty, between US government shutdown threats and legal fallout related to FTX. Despite this cautious context, XRP, valued at nearly $170 billion and supported by numerous retail holders, remains under close surveillance.
Bollinger Bands, a recognized technical analysis indicator for anticipating volatility and reversals, show a constructive signal for XRP. On the weekly chart, the price maintains above the middle band ($2.76), reflecting the resilience of strong hands and the bullish medium-term momentum.
Historically, when XRP stays above this band, rallies toward the upper band have often followed. The current resistance sits around $3.56, and if the bullish momentum confirms, this target could be reached in a few weeks, offering a key point of attention for investors and traders.
By crossing daily, weekly, and monthly perspectives, we get a more complete vision of XRP’s price:
The long-term trend remains broadly structurally bullish as long as XRP’s price evolves above $1.50. This zone acts as a technical anchor for institutions and hodlers. XRP’s technical and fundamental landscape remains favorable for a return toward $3.50, provided macroeconomic conditions don’t disrupt the context.
Bollinger Bands, often underestimated, offer here a relevant tool for anticipating XRP’s price. For experienced investors, this type of analysis constitutes a key element in any portfolio management or swing trading strategy.
XRP, still supported by institutional investors and hodlers, is trading around $2.76. This offers a unique buying opportunity to benefit from a potential return to $3.50. Follow technical trends and secure your positions today on Bitget!
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