Recently, the price of XRP has fallen below the $3 mark, attracting market attention. This trend marks an important technical turning point since July, with the daily chart showing the price has first fallen below the middle line of the Bollinger Bands. The medium term position is around $3.19, which has previously served as strong support, but the current breakthrough indicates that XRP may face greater downward pressure.

Technical analysis shows that the next key support level may be near the lower Bollinger Band, around $2.76. This trend reflects that XRP is seeking a new price equilibrium, and investors should closely monitor the performance in this area.

The Bollinger Bands indicator also reveals changes in XRP's volatility. Recently, the Bollinger Bands have shown a contraction trend, which usually indicates that significant volatility is about to occur. With the failure of the medium term support, the market may test the lower band support, which will be key in determining the future market direction.

From a longer-term weekly chart perspective, XRP has not experienced a sharp fall, but the momentum has clearly weakened. After two consecutive weeks of bullish closes, the price has fallen below the upper Bollinger Band, further confirming that a correction may be imminent in the short term. The medium-term support level on the weekly chart is around $2.39, and if it falls to this level, it would mean a decline of about 20% from the current level.

The changes in this series of technical indicators reflect that the cryptocurrency market may be at a turning point. Investors need to cautiously assess risks, follow the potential impact of market sentiment and macroeconomic factors on XRP prices. At the same time, it should be noted that technical analysis only provides a reference, and actual market trends are influenced by multiple factors.