XRP Weekly 5% Gain Fizzles Under Bearish Bollinger Bands
XRP posted a modest 5% weekly gain, rising from $2.32 to $2.49 but remains trapped in the lower half of its Bollinger Bands. Resistance at the middle band near $2.54 and a declining RSI around 40 signal ongoing bearish momentum. Support sits at the lower band near $2.09, offering the next key level for a potential retest. Trading volume stayed subdued and volatility hovered around 15%, while on-chain metrics showed a 10% drop in active addresses. Macro headwinds from fresh inflation data and ongoing US SEC regulatory scrutiny are weighing on trader sentiment. A decisive close above the $2.54 Bollinger midline or a spike in volume and band expansion will be needed to confirm any genuine bullish reversal.
Bearish
XRP’s failure to break above the Bollinger Bands midline and continued lower-band pressure suggest persistent bearish momentum, limiting upside potential in the near term. Subdued volume, rising volatility, and a 10% drop in active addresses point to weakening market participation, while macro factors such as inflation data and SEC scrutiny add further headwinds. Short-term traders may find range-bound opportunities between $2.09 support and $2.54 resistance, but a decisive close above the midline is needed to flip bias. For long-term investors, declining on-chain activity and broader market uncertainty warrant caution, although dips near lower bands could offer selective accumulation opportunities.