The post Bollinger Bands Signal Further Downside for XRP appeared on BitcoinEthereumNews.com.

XRP’s price action has diverged sharply from the optimism that gripped the market days ago. Technical indicators across multiple time frames paint a concerning picture for the cryptocurrency. Bollinger Bands on all major charts reveal why the asset continues its descent rather than finding stability. At the time of writing, XRP trades at around $2.02, indicating a 2.84% decline in the last 24 hours. Weekly losses stand at 7.4%. XRP price chart, Source: CoinMarketCap The market’s behaviour suggests traders are losing confidence. Each attempted rally loses steam faster than the previous one. Price movements indicate the digital asset never established a sustainable foundation above critical levels. The technical structure points toward additional downside pressure in the near term. Monthly and Weekly Charts Reveal Structural Weakness The monthly chart delivers the most telling evidence of XRP’s predicament. The midband remains anchored below $2, floating between $1.82 and $1.85. This positioning indicates the market never accepted higher valuations as legitimate. The recent rally extended well beyond this zone, but failed to shift the underlying trend. The price is now gravitating back toward levels that the market considers accurate. Weekly data reinforces this bearish outlook. XRP trades beneath the midband at $2.69 and clings to the lower band near $1.94. The asset has repeatedly tested this lower boundary without producing a meaningful bounce. Previous support at $2.20-$2.30, which once served as a launching point for upward moves, now acts as resistance. The market refuses to sustain gains above this range. Source: TradingView Technical patterns show that each recovery attempt weakens progressively. This deterioration typically precedes a more forceful retest of support levels. The lower band has repeatedly absorbed selling pressure, but buying interest remains absent. Volume profiles suggest participants are unwilling to defend current prices aggressively. Daily Time Frame Confirms Bearish Momentum The…

---

Filed under: News - @ December 6, 2025 9:21 am