Market observers have identified tightening Bollinger Bands on XRP’s monthly chart, suggesting potential future volatility. Crypto analyst JD has pointed out that, as past XRP trends show, the closing of these bands usually follows price swings. Current technical indicators also indicate a potential breakout scenario whereby historical patterns point to notable parabolic movements should resistance levels be exceeded.<h2 id="header-0">Indicators Show Decreasing Volatility</h2>Reflecting lower market volatility, the Bollinger Bands on XRP&#39;s chart have been closing. This tightening has been a forerunner to notable price spikes. For example, band constriction preceded the sharp increases between 2017 and 2018 as well as 2020 to 2021. Each time followed by marked rejections and retracing phases,<a href="https://cryptotale.org/xrp-bull-run-wave-5-eyes-27-33-sets-goal-at-epic-1780/" rel="noopener noreferrer nofollow"> XRP&#39;s</a> price skyrocketed from below $0.01 to almost $3.00 in 2018 and from $0.20 to almost $2.00 in 2021.Related:<a href="https://cryptotale.org/xrp-aims-at-resistance-levels-with-potential-breakout-ahead/" rel="noopener noreferrer nofollow"> https://cryptotale.org/xrp-aims-at-resistance-levels-with-potential-breakout-ahead/</a>The chart also shows important turning points of rejection at resistance areas, especially at $2.00 in 2021 and $3.00 in 2018. Support is still solid, usually tested at lower trend lines, providing a firm basis for possible future movements.<a href="https://cryptotale.org/xrp-prepares-for-breakout-as-volatility-indicators-tighten/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP Prepares for Breakout as Volatility Indicators Tighten

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