The post XRP Breakout Delayed? Bollinger Bands Tease Next Move appeared on BitcoinEthereumNews.com. XRP is witnessing a delayed breakout move as the price dips by over 5% in the last 24 hours. Activities on the XRP marketplace suggest lingering selling pressure might be responsible for keeping XRP down. However, a technical indicator shows a breakout remains possible. XRP’s support at $2.83 remains critical for bulls According to data, XRP’s Bollinger Bands on the three-hour chart are showing huge dilation. This accounts for the intense volatility that the asset is experiencing on the market.  A close analysis of this technical indicator shows that prices have already hit the lower Bollinger Bands at $2.85. XRP Price Chart | Source: TradingView You Might Also Like This development suggests that despite the delays, a breakout is on the horizon. Once XRP can overcome this volatility and find stability, prices are likely to regain the $3 level at around $3.08. The decline was triggered as traders exited positions after the coin plunged below $3. There appears to be an air of uncertainty among investors in the broader financial space, resulting in cautious trading. The coin slipped from an intraday high of $3.02, breaching the psychological $3 level to its current position.  As of press time, XRP is changing hands at $2.83, which represents a 5.68% decline in the last 24 hours. However, trading volume remains up by 8.64% at $7.59 billion within the same time frame. Long-term outlook points to eventual breakout As previously reported by U.Today, the current $2.83 price level remains a critical spot for the coin. The support was where bulls stepped in to prevent further decline in the past. The asset’s upward journey in the event of a breakout will have to overcome the $3.10 resistance level. You Might Also Like Meanwhile, Raoul Pal, Global Macro Investor chief executive, believes XRP is in long-term consolidation and… The post XRP Breakout Delayed? Bollinger Bands Tease Next Move appeared on BitcoinEthereumNews.com. XRP is witnessing a delayed breakout move as the price dips by over 5% in the last 24 hours. Activities on the XRP marketplace suggest lingering selling pressure might be responsible for keeping XRP down. However, a technical indicator shows a breakout remains possible. XRP’s support at $2.83 remains critical for bulls According to data, XRP’s Bollinger Bands on the three-hour chart are showing huge dilation. This accounts for the intense volatility that the asset is experiencing on the market.  A close analysis of this technical indicator shows that prices have already hit the lower Bollinger Bands at $2.85. XRP Price Chart | Source: TradingView You Might Also Like This development suggests that despite the delays, a breakout is on the horizon. Once XRP can overcome this volatility and find stability, prices are likely to regain the $3 level at around $3.08. The decline was triggered as traders exited positions after the coin plunged below $3. There appears to be an air of uncertainty among investors in the broader financial space, resulting in cautious trading. The coin slipped from an intraday high of $3.02, breaching the psychological $3 level to its current position.  As of press time, XRP is changing hands at $2.83, which represents a 5.68% decline in the last 24 hours. However, trading volume remains up by 8.64% at $7.59 billion within the same time frame. Long-term outlook points to eventual breakout As previously reported by U.Today, the current $2.83 price level remains a critical spot for the coin. The support was where bulls stepped in to prevent further decline in the past. The asset’s upward journey in the event of a breakout will have to overcome the $3.10 resistance level. You Might Also Like Meanwhile, Raoul Pal, Global Macro Investor chief executive, believes XRP is in long-term consolidation and…