XRP in Bullish Mode Above $1.75, Bollinger Bands Signal
Despite the last several weeks, from early October, being rather disappointing, to say the least, XRP is still in bull mode, according to the Bollinger Bands presented by TradingView.
For those not familiar, that is an indicator developed by renowned trader and investment analyst John Bollinger, which is centered around a 20-day moving average with deviations on both sides that, as a result, form a volatility range for the asset. The Bollinger Bands help traders identify whether the price they are analyzing is oversold or overbought, and what bias currently prevails for it.
Not taking into consideration the short- and mid-term time frames, the monthly Bollinger Bands for XRP align in a bullish way, as the price of the cryptocurrency is still well above the middle band at $1.75.
More to the point, XRP still needs to lose another 16.65% of its price to hit the mid-band, which would mean another $21 billion written off its total market cap. While this is not unique for the cryptocurrency market, a move of such magnitude may still take weeks, if not months.
What's up with XRP price today?
For now, XRP holders’ hopes for a bull run are still in place, even though they should be ready for a potential leg down and even losing the $2 price tag. Again, even at $1.75, XRP will still remain bullish from this exact Bollinger Bands frame, and only a move below the midband on the monthly frame will break the bullish trend.
On the upside, the upper band for XRP is currently at $3.61, 71% above the current price point. Reaching that high would mark a new all-time high for the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How CFTC-Recognized Platforms Such as CleanTrade Are Transforming the Landscape of Clean Energy Investments
- CFTC-approved CleanTrade introduces a regulated SEF for clean energy derivatives, addressing market fragmentation and liquidity gaps. - The platform enables institutional-scale trading of vPPAs/RECs, achieving $16B notional volume in two months by aggregating demand/supply. - Integrated risk analytics (e.g., CleanSight) enhance transparency, allowing investors to hedge project-specific risks like grid congestion and curtailment. - Dual investment pathways attract hedge funds/pension funds through direct
The Rise of CFTC-Regulated Clean Energy Markets: Opening a New Chapter for Institutional Investors
- CFTC's 2025 approval of REsurety's CleanTrade as a SEF marks a landmark shift in clean energy markets by introducing standardized, transparent trading for VPPAs and RECs. - The platform attracted $16B in notional value within two months, enabling rapid institutional-grade transactions that previously took months to negotiate. - By addressing liquidity gaps and enabling precise risk modeling, CleanTrade is accelerating capital flows into decarbonization while bridging ESG investment gaps for institutional
The Increasing Overlap Between Health and Financial Wellbeing in Managing Personal Finances
- Global wellness economy to hit $9 trillion by 2028, driven by holistic well-being trends. - Millennials/Gen Z prioritize wellness as lifestyle, with 55% spending over $100/month on health. - Employers integrate financial wellness into health programs to reduce burnout and boost productivity. - Investors target wellness-driven SaaS, healthcare tech , and financial literacy platforms for holistic solutions.
Revealing the Value of Green Gold: The Transformative Impact of Institutional-Grade Platforms on Clean Energy Markets
- Clean energy markets hit $35.42B in 2025 but face VPPA/PPA liquidity gaps as U.S. policy rollbacks raise costs by 11.8% YoY. - REsurety's CleanTrade platform digitizes PPA trading, unlocking $16B in liquidity via CFTC-approved SEF infrastructure within two months. - Strategic S&P Global partnership standardizes PPA/REC valuations, addressing institutional investors' risk management gaps in green energy markets. - While global PPA markets grow at 14.6% CAGR to $9.5B by 2035, U.S. policy uncertainty remain
Trending news
MoreCrypto prices
More
