Mustang Bio's 15min chart shows Bollinger Bands Narrowing and KDJ Death Cross.

Based on Mustang Bio's 15-minute chart, a narrowing of Bollinger Bands has been observed, accompanied by a KDJ Death Cross on July 24, 2025, at 14:00. This indicates a decrease in the magnitude of stock price fluctuations and a shift in momentum towards the downside, with potential for further decline.

XRP (XRP) experienced a significant 17% decline over two days, triggering over $114 million in liquidations, yet technical indicators suggest the cryptocurrency remains in bullish territory [1]. The recent price retracement toward the Bollinger Bands midline at $2.91 may serve as a pivotal support level, potentially setting the stage for another upward movement rather than signaling a breakdown [1].

The Bollinger Bands, a widely respected volatility indicator, currently signal that XRP is still trading within a bullish range. The critical support zone between $2.90 and $3.00 is pivotal; maintaining price levels above this range will be essential for preserving the positive technical outlook [1]. Should XRP hold this support, it may continue to build momentum for future upward moves. Conversely, a decisive break below this zone could invite further downside risk, though such a scenario is not currently indicated by the Bollinger Bands [1].

On July 23 alone, nearly 200 million XRP tokens were traded during a pronounced red candle, reflecting heightened volatility and active market participation. Despite this surge in trading volume and the accompanying price drop, XRP has remained within the Bollinger Bands range, underscoring the resilience of the current trend [1]. The price continues to hover well above levels seen in June and remains above key short-term moving averages, which serve as dynamic support indicators [1].

The two-week uninterrupted rally preceding this correction established an overextended market condition, making the recent pullback a natural and healthy development. The Bollinger Bands indicate that XRP is still trading within a bullish range, with the midline near $2.91 serving as a critical support level [1]. This technical setup implies that the market is undergoing a healthy correction, which is essential for sustaining long-term bullish trends [1].

Market sentiment around XRP remains cautiously optimistic despite the recent volatility. The correction phase is viewed by many analysts as a consolidation rather than a reversal, which aligns with the technical evidence provided by the Bollinger Bands and moving averages [1]. This phase allows the market to absorb recent gains and recalibrate before potentially embarking on the next leg higher [1]. Investors should remain vigilant for any shifts in volume patterns or breaches of key support levels, which could signal changes in trend dynamics [1].

In summary, XRP’s recent 17% price drop and the associated $114 million in liquidations represent a significant market event but do not undermine the cryptocurrency’s overall bullish technical structure. The Bollinger Bands indicate that XRP remains within a healthy trading range, with the midline near $2.91 serving as a critical support level [1]. The surge in trading volume and volatility reflect a market in transition rather than collapse [1]. As long as XRP sustains its position above the $2.90-$3.00 range, the trend remains intact, suggesting that this correction is a strategic reset rather than a breakdown [1].

References:
[1] https://en.coinotag.com/xrp-experiences-significant-pullback-but-bollinger-bands-indicate-potential-support-around-2-90/