CandleFocus Sell or Hold? What Bollinger Bands Say About XRP
2025-02-03
Author: Content Editor
In the last 24 hours, the crypto market has experienced significant losses, with $2.2 billion worth of liquidations in perpetual futures and a total of at least $8 billion liquidated overall. XRP, one of the most popular coins, saw a 31% drop in price, leading to concerns among holders and traders about whether the recent recovery is a "dead cat bounce" or a sign of further gains. XRP had previously seen a record expansion of the Bollinger Bands, indicating potential price volatility. It is now holding above the median on the weekly chart, but there is still a possibility of testing recent lows again. Traders have the option to hold and see if the median holds strong or to de-risk during this rebound.
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