CandleFocus XRP on Verge of Huge Surge As Bollinger Bands Keep Squeezing Month after Month: Expert
2024-09-09
Author: Content Editor
Crypto market expert Matt Hughes has analyzed the Bollinger Bands for XRP on the monthly chart and found that they have tightened to levels not seen since 2017. This suggests a phase of low volatility, which is often followed by a sharp price movement. Hughes believes this tightening will result in a significant price surge for XRP, similar to the explosive rally it experienced in 2017. During that time, XRP surged by over 75,000% from the time the Bollinger Bands tightened to its all-time high. Some analysts have suggested an upside potential of up to $150 for XRP, which is currently trading at $0.5312.
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