The XRP chart is giving off a familiar vibe—and not the good kind, if you're rooting for a rally. On the H4 timeframe, things are getting tight. Price is floating around $2.16305, and while that seems harmless at a glance, the market is acting like it's holding its breath.
Image Source: TradingView
Let’s break this down.
XRP Shows Signs of Exhaustion
Bollinger Bands are squeezing. That’s trader-speak for “get ready.” When the upper and lower bands close in like this, it means volatility is drying up—and historically, that calm is almost always followed by a storm. The price is inching near the upper band, which hints that XRP is tiptoeing into overbought territory. That’s usually when the market starts feeling itchy to snap back.
Add to that the fact that the middle Bollinger Band (around $2.13705) is acting as the immediate support. If XRP slips below it and closes there, we could be heading toward the first major support level at $2.09526. That’s our trapdoor.
Déjà Vu on the XRP Chart: Is History About to Repeat?
Here’s where things start to get juicy.
Go back to March 26 and April 2. XRP was hovering just above the middle Bollinger Band, nudging toward the top. Looked calm. But under the surface, the DMI was throwing quiet warnings. ADX (red) was dominant. +DI (blue) was holding ground. But –DI (orange) was creeping up, getting ready for a crossover.
And when that crossover happened? The price didn’t just slip—it dropped hard.
Now fast forward to today. The chart is painting the same setup. ADX is still strong. +DI is leading. But once again, –DI is closing in. If it flips above +DI, we could see a repeat performance: a sharp leg down.
Markets don’t always repeat patterns exactly. But when they echo this loudly, smart traders start listening.
XRP Bearish Setup: Falling Into Familiar Territory?
If –DI completes the crossover and XRP drops below the middle Bollinger Band, we’ve got a problem. The first real support is at $2.09526 (S1). If that cracks, the fall could speed up.
Also, Parabolic SAR has already flipped—those dots are now above the candles. That’s another bearish flag waving right in front of us.
The signs are stacking up. Like dominoes. And we might be one nudge away from the first one tipping over.
But What If It Doesn’t Fall?
Let’s not get ahead of ourselves.
Technical signals aren’t promises—they’re possibilities. If XRP holds the middle Bollinger Band or bounces cleanly off S1, the bulls might have a shot.
A solid bounce could push price toward $2.2141. That’s where the upper Bollinger Band meets R2. Break that, and we might see a run toward $2.24170 (R3).
That would break the bearish rhythm and shift momentum upward. Not impossible. Just needs strong volume and conviction.
Final Take: Breaking or Repeating the Pattern?
XRP is sitting at a technical pressure point. The Bollinger Bands are tight. The DMI setup looks way too familiar. And Parabolic SAR says “watch out.”
If history repeats, we’re looking at another dip. But if the bulls step in at the right levels, they could flip the narrative.
So—will XRP follow the old script or break the cycle?
The next few candles might give us the answer.
