XRP is facing selling pressure that could potentially cause it to drop below $2, but analyst Steph believes there is a chance for a rebound that could increase its price by nearly five times. The Bollinger Bands indicator on the 12-hour chart has started to tighten, which historically precedes significant price movements. The last time this indicator tightened, XRP saw a parabolic surge, going from $0.49 to $2.90. Currently, the price is around $2.26, and if a breakout occurs similar to the previous rally, the price could potentially reach $13. However, analysts are adopting a more conservative outlook in the short term, predicting a rally to between $4 and $5 before another correction phase. XRP needs to maintain support around $2 to continue its upward trend. Some traders are watching for resistance at $2.90, which could lead to further gains if broken.



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