$2 XRP Is Not a Forgotten Dream Yet, Bollinger Bands Suggest

• Point of maximum pain
• Roadmap to $2 for XRP

After a prolonged pullback from the 2026 peaks, when XRP traded above $3, the token appears to have once again caught the attention of major capital. Amid a local market decline, the Bollinger Bands technical indicator by TradingView has produced a setup suggesting that the ambitious target of $2 per coin remains in play.

Right now, however, XRP is going through a harsh stress test that will determine its trajectory for the second half of the year.

Point of maximum pain

The current week has been tense for XRP holders. On the weekly chart, the price fell to $1.1018, coming close to testing the lower Bollinger Band at $1.0562.

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XRP price action within Bollinger Bands on a monthly timeframe. Source: TradingView

However, this local storm reveals an interesting picture, showing that the $2 target is not based on empty expectations:

• Sellers are reaching their limit: The weekly RSI has fallen to 33.78. The market is extremely oversold, meaning bears have almost no room left to push the price lower without triggering a strong rebound.
• The broader structure remains intact: On the monthly timeframe, there is no sign of panic. Buyers are confidently holding the crucial Bollinger Bands midline, the 20-period SMA, at $1.1039. As long as this monthly support remains intact, the broader bullish trend has not been broken, while the RSI near 41.87 gives the price considerable room for growth.

The technical compression on the charts has coincided with a strong news backdrop in early July, helping keep the token afloat.

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First, while retail traders are locking in losses, institutional investors are doing the opposite. XRP ETFs have recorded capital inflows for nine consecutive weeks, bringing their total assets under management to $1.49 billion.

Second, Ripple is strengthening its legal position. Receiving a full CASP license in Luxembourg under Europes MiCA framework has already given assets such as XRP and RLUSD regulated access to the banking sector across all 27 EU member states. The US CLARITY Act is also approaching, and investors are already pricing it into their expectations.

Another driver has emerged from an on-chain trend in which autonomous AI agents have begun using native XRP for direct settlements, creating genuine utility-driven demand that has already exceeded one million transactions.

Roadmap to $2 for XRP

The market reality in July 2026 is simple — the path to $2 will not be easy, but the technical foundation is in place, and the Bollinger Bands confirm it. The bulls immediate task is to keep the weekly candle above the psychological level of $1.10.

The first major resistance on the upside will be the weekly Bollinger Bands midline at $1.3021. Once this level is broken, XRP will enter a clear technical corridor through $1.54 and toward the $2.00 target.