The XRP market is currently in an uneasy position, as indicated by the extreme levels reached by Bollinger Bands, which are considered reliable volatility indicators. XRP has fallen through key support levels and has been unable to regain lost ground. If XRP fails to touch the upper Bollinger Band, there is a possibility of a 43% drop to $1.61. The downward pressure is not just technical, but also due to bearish sentiment. Holding the $2 level is crucial, and if it fails, a further 20% decline wouldn't be surprising. While there is still hope for a market pivot, the current technical indicators suggest a slow grind downward for XRP.



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