So you’ve been watching the whole XRP-to-Bitcoin soap opera, huh? Well, today’s daily candle might actually be that big “aha” moment—kind of like finally finding matching socks in the dryer. 🙄
Back on April 7, we saw a clear slip below the lower Bollinger Band—like stepping on gum right when you’re running late. Strongest bearish sign in months, they say. Basically, XRP/BTC just waltzed into its most critical technical level since this whole downward spiral started.
Then it dropped to 0.00002267 BTC. Below the lower band—yikes. But look at that, it recovered a tad. Being this close to the band’s limit doesn’t happen every day. Usually, that means either a bounce back or a comedic tumble. I’m leaning bounce, but hey, I’ve been disappointed before. Looking at the setup, you’d think this could be the bottom for poor ol’ XRP versus Bitcoin. 🤔
Now that XRP/BTC has tapped the lower Bollinger Band and managed to crawl back, it’s kind of in that “let’s restore balance” zone. Maybe we’ll see this rumored 11% bump, right back to that middle band (the 20-day moving average). Don’t forget, though: we need a comfy daily close above that lower band to spark a real possibility here. Otherwise, this slide may just keep going—like that friend who won’t leave a dinner party. 🤷♂️
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2025-04-07 19:39