The XRP price is performing exceptionally well today, with a 14 percent increase in the past 24 hours, bringing the price to $0.525. Less than five days ago, the XRP price dropped below $0.40. Impressive, but according to crypto analysts, it can get much better.
Bollinger Bands Point to New XRP Price Surge
Crypto analysts are predicting a significant price increase for XRP, based on the so-called Bollinger Bands. This widely used indicator signals low volatility when the bands tighten, which historically is often followed by a massive breakout.
In 2017, a similar Bollinger Band signal led to an impressive 55,000% price increase for XRP, with the altcoin reaching an all-time high of $3.40. This signal occurred again at the end of 2020, and in 2021, XRP price nearly rose to $2.
The current Bollinger Bands now again point to a possible huge price increase.
$1 XRP rate next target
With the Bollinger Bands signaling another price breakout, analysts suggest that the XRP price is on the cusp of a massive rally. This could potentially take the altcoin above the important $1 price barrier, which would nearly double its current price level.
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Source: https://newsbit.nl/cruciale-technische-indicator-voorspelt-enorme-stijging-van-xrp-koers/
