The price of the popular cryptocurrency XRP still has more disadvantages than advantages. At least that’s what the Bollinger Bands tell us when we look at the price chart using this popular indicator.

Last week, U.Today reported that XRP was on the verge of a painful decline to as low as $1 per token. The core of this prediction was the price action of the popular cryptocurrency like in 2018, where the price breaks out of the upper band and then returns to the median. Since this article, the price of XRP has fallen by more than 3.5% and still has room to fall.

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However, in the short term it may not be as painful as it first seems. The Bollinger Bands on the daily price chart for XRP currently show the lower boundary of a range at $2.103, representing a further 3.56% decline from the current price.

If XRP manages to find a local low there, further declines are unlikely in the short term. Meanwhile, there could be a rise of the lower band on the weekly price chart, in which case the dire forecast of $1 per XRP could remain just a nightmare and not a reality.

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Nothing is set in stone and guesses on cryptocurrency price charts change as quickly as new information comes in. Where XRP will find its stopping point and return remains an open question. It’s still over $2 per token and just 53% at a new all-time high.

XRP is still the third-largest cryptocurrency on the market, with a capitalization of $125 million and a daily volume of $4.67 billion – something that seemed unrealistic two months ago. Things can change radically for the asset that quickly.