XRP go near double bottom as Bollinger Band squeeze: Key levels show say wahala go fit happen and market go fit bust
XRP dey show technical sign wey indicate say wahala go dey for market soon. Dis crypto don fall from im mid-May high of around $2.70 go about $2.07, where e dey test di lower Bollinger Band for di second time in two weeks. Both daily and hourly analysis show say XRP fit dey form 'double bottom', or 'W-bottom', inside di $2.00–$2.07 support zone—dat one mean say pipu don tire to dey sell am. Di price still dey above SMA-50 and SMA-100, with more support from SMA-200 at $2.33. Bollinger Bands dey tight, meaning say low-volatility time don come wey often precede big move for price. If e bounce back well well above di mid-Bollinger Band, near $2.27, and close above $2.20–$2.25, e fit cause bullish reversal, targeting resistance levels at $2.35 and $2.44—dat mean e fit go up by 10–15%. But if e fall below $2.00–$2.07 for real, especially with plenty volume and strong close under di lower band, e fit signify more loss go $1.95, $1.85, or even $1.60. Di next 24–48 hours go be very important to confirm di direction of di breakout. Crypto traders suppose watch key support and resistance levels and volume trends well well, because historical patterns show say big volatility dey come, even though e still no clear if di next move go be up or down.
Neutral
Wetin dem analyze for XRP price recently show say market fit volatile, but e no clear whether e go go up or down. As e form double bottom near $2.00–$2.07 support and Bollinger Bands squeeze, e mean say big move fit happen soon. Important resistance level for $2.20–$2.27 and support for $2.00–$1.95 na wetin dem suppose watch well-well. Since the technical signs show say breakout fit happen but dem no sure if e go up or down, the overall outlook remain neutral. Traders suppose expect plenty market movement and dem suppose dey careful, but e no show strong sign say e go bullish or bearish for now.