XRP has returned to news headlines following today’s daily chart print, with the coin closing at almost exactly its Bollinger mid-band level of $2.97. This line is not just a technical average; it has previously acted as a support level, catching the price just before a rebound. In late July, XRP’s price reached the mid-band at $2.70 before rising to $3.80 — an increase of almost 40% in under three weeks.
The question on the minds of traders watching now is whether history is repeating itself and if today’s setup could mark the bottom of this leg.
But if you look at the bigger picture, things change. On the weekly chart, XRP isn’t at a clear bottom or top — it is stuck in the middle. The weekly mid-band is lower at $2.68, while the upper band is higher at $3.53.
XRP/USD by TradingViewThis creates an uneasy equilibrium: A move down to the mid-band could result in a decline of 10.3%, while a move up to the upper band could lead to an increase of 18.2%. The odds of either outcome are almost equal, which makes the risk/reward profile less attractive than the daily picture might suggest.
Is it really golden opportunity for XRP price?
Short-term signals whisper “golden opportunity,” but longer-term charts keep flashing uncertainty. Daily traders can identify a clear technical level, but swing traders are aware that the real danger lies in over-committing while the weekly candles fluctuate between ranges.
For XRP, the “golden” label only applies if buyers defend the $2.97 band convincingly. A slip to $2.68 would transform this setup from an opportunity into a warning. On the other hand, a push through $3.20 would be the first sign that bulls are aiming for $3.50 again.
Source: https://u.today/is-this-xrps-golden-opportunity-bollinger-bands-deliver-brutal-chart-truth
