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Popular cryptocurrency XRP is at a crossroads, and as you can see from the chart, there is not a lot of room for hesitation. At the moment, the token is trading at around $2.24, and it is pushing up against the midline of its Bollinger Bands. Basically, this is a zone that has now become a make-or-break line for short-term trends.
The upper band is at around $2.38, just over 6% above current levels. If there is a clean surge into that range, that is the "do" scenario — a breakout toward higher ground, showing that buyers are back in control.
Typically, that kind of move is a sign that the trend is getting stronger, and it has not happened for weeks.
But if the bulls cannot force that breakout soon, the setup will quickly turn bearish. If the XRP price does not manage to stay above the midline, it will probably dip back below the dynamic support level, which could drag it down to the lower band near $2.10. That would be the "die" scenario — a slow bleed that could unwind the recent gains and reset the entire trend.
The last few times XRP hit similar setups, it did not stay quiet for long and, at the moment, it is all about conviction. The bulls need to make their move — and soon. If they hesitate or the volume thins out, the next leg could tilt lower by default. Either way, this range will not last.
For XRP, the next few days are going to be anything but ordinary — they are going to be a real roller coaster. Do or die.
Vladislav Sopov
U.Today Editorial Team