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.



Other News from Today