Despite all the roller procedures in recent days, XRP is still strong, as the price remains near the upper end of the Bollinger – a rare technical indicator that merchants know worthy of attention.
After the bounce in the 1.90 dollar range earlier this month, XRP continuously rose, as it was recently closed above the 2.20 dollar level. This step is not only for display. XRP is placed directly in the bullish area to prepare Bollenger Band. The price was strong above the medium range (SMA for 20 days), where buyers intervene over and over again before low support.
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What does this say about XRP? When the price remains in the upper half of the bollinger ranges without stretching severely, this usually means that this step has a strong momentum and a fixed purchase pressure behind it.
Currently, the level of $ 2.16, which is also mid -range, works as support, while the upper range near $ 2.30 is now the closest resistance.
Looking at the big picture, it appears that the area of $ 2 to 2.20 dollars has turned against being a resistance point to a support point, which is a major change in technical terms. When you add this to the Bollinger Band Completion that we had earlier in the month, you have a classic scenario to enjoy.
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Prefabble meals? The momentum prefers bulls – not in an explosive form, but with the type of technical discipline that precedes the next stage.
