XRP on Verge of Crazy Price Pump, If John Bollinger's Bands Are Right$XRP

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An interesting pattern hinting at a potential monumental jump in value has formed on the XRP price chart. This time, the focus is on the Bollinger Bands, a popular technical indicator for traders.

For those unfamiliar with Bollinger Bands, developed by famous trader John Bollinger, they consist of a simple moving average and two standard deviations above and below it. The narrowing of these bands usually indicates a period of low volatility, often preceding significant price movements.

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Thus, the current analysis shows that the bands are experiencing a notable narrowing comparable only to what happened once in 2017, when there was an unprecedented jump in the price of XRP by a staggering 55,000%. At that time, the cryptocurrency's price peaked at $3.30 per token by early 2018.

$XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that it shot up 60,000% pic.twitter.com/WU1fspKkwz

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