XRP Reclaims Crucial Bollinger Bands Support: Why the $1.35 Breakout is a Bullish Signal for This Weekend

avatar
U.Today
04-11

The price of XRP has executed a key technical maneuver and is now confidently breaking above the middle line of the Bollinger Bands at $1.35 on the daily TradingView chart. This event officially moves the digital asset out of a phase of uncertainty into a stage of preparation for an impulsive move — most likely to the upside. 

A breakout above the middle band, represented by the 20-day moving average on the daily time frame, is a classic trigger for market participants. In the context of XRP, the $1.35 level acted as resistance throughout the week but managed to turn into support closer to the weekend.

Article image
XRP/USD daily price chart with Bollinger Bands, Source: TradingView

Now, according to the mechanics of the indicator, after a rebound from the central axis, the price will be drawn like a magnet toward the upper band, which is currently positioned at $1.42. 

March fractal: Why XRP's 17% rally pattern is reemerging

Notably, the current chart configuration mirrors the situation from mid-March 2026. Back then, a similar breakout above the middle line led to a 17% rally in just five days. Right here and now, as long as the price holds above $1.35 per XRP, buyers control the market. 

At the same time, the band compression is reaching its limit. In this context, a breakout above the middle line is only the first step, with the second being a push toward the upper boundary. 

The price situation is further supported by developments around the Clarity Act in the U.S. Senate, which could have a favorable impact on XRP price action. Breaking the chart into key levels, a clear safety net emerges at $1.35. Holding this zone is a critical factor for a bullish outlook for the coming week.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
59
Add to Favorites
19
Comments