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XRP's technical indicators are weakening across the board, and the $2 threshold is in jeopardy.
[Crypto World] XRP’s recent performance is really nerve-wracking.
No matter whether you look at the monthly, weekly, or daily charts, the price keeps trending downward. The Bollinger Bands aren’t looking optimistic either—there’s no sign of stabilizing or bottoming out. The middle band on the monthly chart is still below $2, hovering around $1.82-$1.85. What does this mean? If you thought there was long-term support above $2, it looks like that’s no longer the case.
Looking at the weekly and daily charts makes it even clearer how strong this downward pressure is. The price keeps testing the lower band around $1.94-$1.95, but can’t hold onto the key $2.20-$2.30 area. The Bollinger Bands are still bending downward, which usually signals a serious lack of momentum.
The situation is clear: unless the bulls can mount a strong counterattack and drive the price back above the middle band to hold steady, XRP is very likely to break below the $2 mark again. Technically, the bears are currently in control.