XRP déjà vu: Is another 60,000% price surge on the horizon?
XRP’s monthly volatility has plunged to its lowest levels ever, approaching the range that preceded the 60,000% price surge in 2017-2018.
The XRP (XRP) market is showing patterns that mirror the conditions preceding its monumental 60,000% price rally in 2018.
The Bollinger Band Width (BBW) on XRP’s monthly chart hit a new low in July, reflecting years of the XRP/USD trading pair moving within a narrower trading range.
From a technical perspective, these periods of low volatility can often precede major price movements. In other words, when the bands are narrow, it suggests that a breakout—either upward or downward—may be imminent as the market transitions back to higher volatility.
XRP’s monthly volatility has plunged to its lowest levels ever, approaching the range that preceded the 60,000% price surge in 2017-2018.
The XRP (XRP) market is showing patterns that mirror the conditions preceding its monumental 60,000% price rally in 2018. The Bollinger Band Width (BBW) on XRP’s monthly chart hit a new low in July, reflecting years of the XRP/USD trading pair moving within a narrower trading range.From a technical perspective, these periods of low volatility can often precede major price movements. In other words, when the bands are narrow, it suggests that a breakout—either upward or downward—may be imminent as the market transitions back to higher volatility.Read more