U.Today Analysis: Bollinger Bands and Supply Alert – XRP's Rise to $2 May Take Two Years
U.Today analysis suggests that it could take two years for XRP to return to a price of $2, primarily because the Bollinger Bands indicate it has entered an extreme compression phase. Currently priced at $1.3110, it faces dense resistance between $1.37 and $1.40. Additionally, 200 million to 300 million XRP tokens are steadily released monthly through over-the-counter (OTC) transactions to institutional partners. Against the backdrop of the Federal Reserve's tightening interest rates, this continuous supply inflow weakens the momentum for a rapid rise in the retail market. The analysis believes the market needs a prolonged consolidation period to absorb the current supply, with a true breakout not expected until 2028.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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