- XRP remains above key Bollinger Bands support while oversold conditions suggest sellers may be losing momentum overall technically intact still.
- Institutional investors extended XRP ETF inflow streak to nine consecutive weeks as Ripple expanded European regulatory access through MiCA licensing.
- Autonomous AI agents generated more than one million XRP settlement transactions while resistance near $1.3021 remains critical for bulls.
XRP’s technical outlook still supports a potential climb toward $2 despite the latest market pullback, with Bollinger Bands indicating the broader bullish structure remains intact. TradingView’s latest analysis shows the cryptocurrency trading around a crucial support area, where buyers are attempting to prevent a deeper correction. While short-term sentiment has weakened, several technical indicators suggest XRP has not lost the foundation needed for a broader recovery if key price levels hold.
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Bollinger Bands Show Buyers Defending Critical Support
XRP fell to $1.1018 during the recent market decline, bringing the token close to the weekly lower Bollinger Band at $1.0562. Although the move increased selling pressure, the broader chart structure remains largely unchanged.
According to the TradingView analysis, XRP’s weekly Relative Strength Index has dropped to 33.78. That reading places the cryptocurrency in oversold territory, suggesting bearish momentum may be approaching exhaustion. Consequently, buyers could regain control if demand strengthens around current support.
Meanwhile, the monthly chart paints a more stable picture. XRP continues trading around the Bollinger Bands middle line, represented by the 20-period simple moving average near $1.1039. Holding above that level preserves the broader uptrend despite recent volatility.
Moreover, the monthly RSI stands at approximately 41.87, indicating the asset still has room to appreciate before reaching overbought conditions. As a result, analysts view the current decline as a technical test instead of a confirmed trend reversal.
Institutional Demand Adds Support to Technical Outlook
Beyond the charts, institutional activity continues supporting XRP’s market outlook. XRP exchange-traded funds have recorded nine consecutive weeks of net inflows, lifting total assets under management to approximately $1.49 billion. Additionally, Ripple secured a full Crypto-Asset Service Provider license in Luxembourg under the European Union’s MiCA framework. The approval expands regulated access for XRP and RLUSD across all 27 EU member states.
Meanwhile, autonomous artificial intelligence agents have reportedly processed more than one million XRP settlement transactions, adding another source of utility-driven demand. XRP must now defend the $1.10 support level while buyers target resistance near the weekly Bollinger Bands middle line at $1.3021. A breakout above that level would strengthen the technical case for a move toward $1.54 before the market attempts to reclaim the $2 mark.
In conclusion, XRP remains under short-term pressure, but its broader technical structure has not been invalidated. Steady institutional inflows, expanding network utility, and resilient support levels continue to support the possibility of a recovery toward the $2 target if buyers regain momentum.
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