XRP is trading around $2.20, recovering from last week’s heavy volatility phase and entering a calmer stretch that suggests the market is attempting to stabilize. Price is up more than 7% for the week, a sign that buyers are gradually returning after the latest corrective swing.
The weekly chart shows that XRP has moved off the lower end of its trading range and is now fighting to reclaim short-term momentum.
The Bollinger Bands remain wide, reflecting a high-volatility environment. XRP dipped below the mid-band earlier but quickly bounced back toward it, showing that buyers defended the move and prevented deeper pressure.
The lower band near $2.01 acted as firm support, while the upper band around $3.52 stands as the next major barrier if the market attempts another upward leg.
Volatility is elevated but cooling, as seen in the HV 10 reading of 52.99. This level is high but trending downward from earlier spikes. Historically, XRP tends to compress before strong directional moves.
If the volatility continues to contract while price remains above the $2.00 support, the setup could favour a drive toward $2.75 and $3.10 in the coming weeks.
The Chaikin Oscillator is resting near the zero line. It made a strong inflow. The reason the Oscillator flattened is that the purchase momentum hasn’t ceased.
This will often imply that market players are experiencing mixed emotions: the buyers are still on the scene but are no longer dictating the market. When it holds on for some time, it will imply new buying interests in the market, meaning another breakout might occur.
But for XRP, the outlook on the weekly chart remains positive. That major breakout above $3 on the larger chart earlier in the year still stands, and the pullback at the moment appears to simply represent some normal support testing. However, if $2.00 fails to hold, the danger exists of reaching $1.50.
Analyst EGRAG CRYPTO pointed out that on the 3-day chart, the 50-day EMA and 200-day EMA are interacting. The 50 EMA is approaching the 200 EMA. When the 50 EMA gets closer to the 200 EMA, bearish guesses occur.
However, the configuration is not like the bear market because XRP is above the 200 EMA, and the longer-term trend line is still rising. This resembles the periods of 2017 and 2021’s initial phases. Both periods resulted in sharp rallies.
Taken altogether, the various market indicators seem to point towards a late-cycle correction rather than the final top. Hence, the medium-term positive outlook is maintained on the back of the $2.00 level supporting the market.
Also Read: XRP Price Surges as Spot ETFs See Record $164M Inflows


