XRP’s Tiny Surge: Don’t Get Too Excited, Folks! Bollinger Bands Say “Not So Fast!”

by

Well, well, well. XRP is showing a bit of green this week, huh? But let’s not kid ourselves. That candle isn’t rewriting the price playbook; it’s more like a minnow trying to outswim a great white in a sea of red. 💀

Currently, it’s at $2.49, having bounced off a low of $2.32. A decent little hop, sure, but don’t go popping champagne just yet. This move happened deep inside the lower half of the Bollinger Bands, which is about as comforting as finding a rat in your soup. 😬

For the uninitiated, the Bollinger Bands aren’t just some pretty lines to look at. They show you volatility and, more importantly, they show bias. Right now? Well, the bias is leaning towards the bears. 🐻

And let’s not forget the infamous “Black Friday” of October 10, where the crypto market took a nosedive, driving the price down through the middle and into the depths of the lower band. That left XRP about as vulnerable as a kitten in a lion’s den. 😹

Sure, there’s been a small rebound, but XRP is still gasping for air beneath the all-important moving average line around $2.54. As long as those candles keep stacking up below that line, we’re not seeing strength; we’re seeing dangerous “dead cat” rebounds. And folks, we all know what happens when you mess with dead cats… nothing good. 🐱

Context

Take a look at the daily chart, and you’ll see the same picture. Every time XRP tries to make a break higher, it’s smacked back down by selling. The lower Bollinger band at $2.09 is still hanging around like an annoying ex, and it’s definitely on the radar as a target. 💔

Some folks might call this a recovery, but let’s be real: You don’t climb out of a hole just by taking a few steps up. Especially when the rope you need – in this case, a solid break over the middle band – hasn’t even been touched. Not even close. 🙄

So yeah, XRP is technically up this week. But when the weekly candle is a whole lot of nothing inside the lower range, this isn’t a rally. It’s more like a bullish desire to grab the reins on a chart that’s got its sights set lower. 📉

Read More

2025-10-25 08:24