As the prices of cryptocurrencies are on a rise again, all eyes are on XRP - one of the biggest and hottest altcoins this cycle. XRP is currently going through a key technical moment, as its price is testing an important level on the weekly chart - the middle band of the Bollinger Bands indicator, which is sitting at $2.42. 

This level has not been broken yet, despite an almost 10% gain last week, and it is starting to act like a barrier that traders should be keeping an eye on.

You Might Also Like
Mon, 05/12/2025 - 05:47 Giant Whale Makes $6 Million Bet on XRP ByAlex Dovbnya
HOT Stories Breaking: Strategy Buys $1.3 Billion Worth of Bitcoin XRP to $3? Bollinger Bands Say Maybe - But First, Major Stress Test 1,021,155,586 SHIB Goes Up in Smoke But Here’s Big Catch Binance CEO Breaks Down Bitcoin's Future: Details

For those not familiar, the Bollinger Bands are a popular tool for measuring volatility and price momentum, and the middle curve there reflects the average trend. Right now, the moment feels like a kind of a checkpoint that could show if the recent upward movement is really strong or not, sort of a stress test.

Source: TradingView

If you look at the weekly chart, you will see that XRP has been stuck below this band since early March. Every time the price has tried to break through, it has been met with selling pressure, which has kept the market in a sideways range.

This suggests that while there is some buying interest, there has not been a strong enough push to change the overall direction.

You Might Also Like
Mon, 05/12/2025 - 00:01 XRP: $3 Is Next Target, Shiba Inu (SHIB) Price Just Faked It, 145 Days of Ethereum (ETH) Pain Has Ended ByArman Shirinyan

At the same time, the bands themselves are starting to tighten a bit, which usually signals that a bigger move could be coming - though it is not clear which way. 

If XRP closes above $2.4209 next week, it could mean more gains, possibly hitting the upper band around $3.02. But if it gets rejected again, the price could head back down to the lower band near $1.82.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。