Jakarta, Pintu News – The cryptocurrency market is always full of unexpected dynamics. Ripple (XRP), one of the once glorious digital currencies, is now facing tough challenges. Recent analysis using Bollinger Bands shows that the hope for Ripple (XRP) to return to the $2 price may just be a dream.

Ripple (XRP) is currently in an unhappy state with the price recorded at $2.37 after having dropped drastically to $2.19. The Bollinger Bands indicator, which is often used to analyze market volatility, shows that Ripple (XRP) has the potential for further decline.
Currently, the price of Ripple (XRP) is moving near the lower boundary of the Bollinger Bands at $1.95, signaling that a drop below $2 is very likely without any oversold indications.
Also Read: 5 Reasons Why Avalanche (AVAX) Price Exploded in Q4 & is in the Crypto Whale Spotlight!

Bollinger Bands is a technical analysis tool that consists of a moving average and two lines that indicate volatility. When the price of Ripple (XRP) is below the center line, it indicates weakness. Currently, on both the daily and weekly time frames, Ripple (XRP) continues to be in the lower zone, which indicates that selling pressure is still very strong.
The price of $2 is not only a round number on the chart, but also an important psychological point for traders. At this price, many stop losses have been placed, and market confidence in Ripple (XRP) has been shaky since July. If the price breaks below $2 significantly, it could trigger the risk of massive liquidation, increased short positions, and more intense selling pressure.
Some time ago, Ripple (XRP) was comfortably at $3.58, close to the upper line of the Bollinger Bands. However, the current conditions are quite different, and the same tool now suggests that $1.95 is a reasonable price. If buyers don’t take control of the price at the midline soon, then the hope of stabilizing at $2 may be a distant memory.
With market conditions constantly changing and technical analysis pointing to the potential for further downside, Ripple (XRP) investors and traders need to exercise extreme caution. Conducting in-depth research and consulting with financial experts is an important step before making investment decisions in the uncertain world of cryptocurrencies.
Also Read: ChatGPT Prediction: XRP, DOGE & PEPE could hit an all-time high by the end of 2025!
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