The price of XRP is projected to experience a significant move based on technical indicators. The formation of a "Bollinger Bands squeeze" on the 12-hour chart suggests a potential sharp price movement in either direction. The upper Bollinger Band near $3.50 indicates a bullish target if XRP moves upward, while the lower Bollinger Band around $2.80 suggests a bearish continuation if XRP drops below this level. Breaking the $3.50 resistance barrier could potentially lead to a price of $4, and some analysts speculate that XRP could reach values above $5. Regulatory developments and the potential approval of an XRP-focused exchange-traded fund (ETF) are factors contributing to XRP's underlying potential. XRP is currently trading at $2.79 and has experienced a drop of over 10% in the last 24 hours and a 14% decline over the past week. The short-term outlook for price swings is high, with volatility at 15%, but the long- and short-term outlooks remain bullish as XRP is trading above its 50-day and 200-day Simple Moving Averages. However, there is a potential for a price drop as XRP's 14-day Relative Strength Index (RSI) indicates it is nearing overbought territory.



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