XRP Could Drop 43% If This Bollinger Bands Signal Holds

XRP is facing a critical moment as technical indicators suggest a major price drop could be on the horizon.

According to Bollinger Bands—a widely used volatility indicator—XRP’s inability to reclaim key resistance levels could lead to a sharp decline of up to 43%.

Current Market Position

After weeks of struggling, XRP has failed to regain its previous highs. The token lost crucial support at $3, slipped to $2.65, and has not been able to push back toward the upper Bollinger Band. This pattern suggests more downside pressure.

When an asset cannot reach the upper band after a sell-off, it often signals further declines. Right now, the next target is the middle Bollinger Band, sitting at $1.61. If XRP fails to hold above $2, another 20% drop is possible.

What This Means for Traders

The situation is not entirely hopeless, as markets can pivot due to unexpected catalysts. However, unless XRP sees strong buying momentum soon, the current technical indicators point to a slow downward trend.

For now, traders will be watching closely to see if XRP can hold key levels, or if this bearish Bollinger Bands signal will play out as expected.