Saad Ullah
XRP (Ripple) been quietly making moves, climbing back above the $3.12 support after clearing bearish territory. The token's currently trading at $3.13, up 0.76% in the past 24 hours, though it briefly touched $3.16 before pulling back slightly.
What's got traders talking is the Bollinger Bands setup. The upper band sits at $3.37, middle band at $3.12, and lower band at $2.84. XRP managed to stay above the middle band without testing those lower levels – that's typically a good sign for bulls looking ahead.
XRP Technical Setup Shows Promise Despite Volume Drop
Here's where things get interesting. XRP hasn't pushed toward that $3.37 upper Bollinger Band yet, which means there's still room to run if the stars align. The current position suggests we might be in for some consolidation before the next big move.
But here's the kicker – trading volume dropped 31.97% to $6.6 billion, which might seem bearish at first glance. However, this happened right as a whale scooped up 120 million XRP tokens. When big money's buying while retail steps back, that often sets up nicely for price action.
XRP (Ripple) Eyes $4 Target as $3.50 Resistance Looms
The real test? That stubborn $3.50 resistance level that's rejected XRP multiple times before. If bulls can finally crack through that ceiling, many believe we could see a straight shot toward $4.
XRP's bullish momentum isn't showing signs of slowing down. The token's holding its ground above key support zones, and that whale accumulation suggests smart money sees opportunity at these levels.
The setup looks decent – technical indicators are cooperating, whales are accumulating, and XRP's maintaining support where it needs to. Whether this translates into that coveted $4 target depends on breaking through $3.50 first.
Saad Ullah
