2024

April

Coin

<ul class="news-points">
 <li>An analyst observed tight Bollinger Bands on XRP charts reminiscent of 2017.</li>
 <li>XRP soared about 76,700% to an ATH of $3.84 after the 2017 observation. </li>
 <li>Accordingly, the analyst expects XRP to drop to $0 or soar to a new ATH above $4.</li>
</ul>
Crypto analyst by the pseudonym Charting Guy has called attention to a newly formed pattern on the XRP chart that suggests a bullish history may be about to repeat itself. In a recent post on X, the analyst disclosed that XRP’s monthly Bollinger Bands (BBs) have hit a historic milestone, with a bandwidth of 0.70. According to the analyst, this marks the tightest width observed since its peak at 0.73 back in 2017.
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 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> monthly bollinger bands are now the tightest they’ve ever been in history<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/203c.png" alt="‼" class="wp-smiley" style="height: 1em; max-height: 1em;"> 0.70 for the width the tightest it got before this was 0.73 in 2017.. 1 month before <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> probably nothing.. <a href="https://t.co/SDk8Q2jj3F" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SDk8Q2jj3F</a>— Charting Guy (@ChartingGuy) <a href="https://twitter.com/ChartingGuy/status/1780429759534845960?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 17, 2024</a>
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Notably, Bollinger Bands are a technical analysis tool used to measure volatility. They consist of a moving average line and two standard deviation lines, forming a band around the price. The analyst noted that the narrow bandwidth for XRP observed in 2017 occurred…
The post <a href="https://coinedition.com/xrp-could-soar-712-to-4-amid-historic-tight-bollinger-bands/" rel="noopener noreferrer nofollow">XRP Could Soar 712% to $4 Amid Historic Tight Bollinger Bands</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Could Soar 712% to $4 Amid Historic Tight Bollinger Bands

Coin Edition

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