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It looks like the popular cryptocurrency&nbsp;<a href="https://u.today/ripple-cto-reveals-whats-next-for-xrp-price-details">XRP</a> might be on the verge of some big changes in its space, according to the Bollinger Bands indicator. Right now, XRP is trading at $0.5825, but what is more important is that the Bollinger Bands are tighter than they hae been since 2016. This could mean a big price shift, which traders are keeping an eye on.&nbsp;
The Bollinger Bands are a tool used to measure market volatility. When the bands contract, it suggests that the market is becoming less unpredictable, which could signal a potential turning point.
The last time XRP's Bollinger Bands were this narrow was before the impressive 60,000% rally that happened in 2017. During that period,&nbsp;<a href="https://u.today/xrp-whales-go-crazy-with-228-million-shopping-spree">XRP's price</a> shot up from $0.006 to $3.84, which was one of the most notable price surges in the history of the seventh largest cryptocurrency.&nbsp;
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="cce9482c-8250-4bfe-8912-3f819743c465" src="https://u.today/sites/default/files/inline-images/XRPUSD_2024-09-20_19-07-45.png">Source: <a href="https://www.tradingview.com/x/dXofRyGX/">TradingView</a>
If we look back at the XRP price chart from 2017, we can say that the Bollinger Bands tightened by about 115% between the lower and upper bands. Then, in 2020, there was another tightening, worth a bit more than 200%, after which the&nbsp;<a href="https://u.today/ripple-ctos-epic-take-on-xrp-smart-contracts-stuns-crypto-community">price of XRP</a> skyrocketed by 716.46%.&nbsp;
Now the Bollinger Bands are tightening at 71.47%, and some analysts and enthusiasts are even saying that $4.2 per XRP is a potential new all-time high for the popular cryptocurrency.&nbsp;
Many are saying that a similar breakout could be on the way, even though it is hard to know for sure what will happen on the market.&nbsp;
There is no guarantee that history will repeat itself, but there are signs that there could be a big price move, which could have a major impact on XRP's position on the market going forward.

XRP to $4.20? XRP Sees Tightest Bollinger Bands Since 2016

U_Today

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