Bitcoin sets a new ATH allowing altcoins to rally behind it.
Ripple’s XRP signals major parabolic gains ahead.
Analyst sees bullish Bollinger Bands tightening, expects significant surge soon.
The Crypto Fear & Greed Index jumps to a score of 83 as Bitcoin sets its latest ATH at $106,488.25m once again setting the crypto community ablaze and reigniting bullish sentiment for the crypto market. As Bitcoin continues towards hitting greater ATHs in the coming days, several altcoins are showing bullish indicators as well.
XRP Prepares for an Explosive Price Surge
Ripple’s XRP is one such bullish altcoin in the present crypto market. Just a few weeks ago, the price of XRP pumped parabolically alongside the price of BTC. This pump was a result of the long-time tightening of the asset’s Bollinger Bands on its price chart. Now, it seems the same bullish pattern is playing out once again.
https://twitter.com/JavonTM1/status/1868339296693784757
As we can see from the post above, this analyst highlights the asset’s current setup on the 4-hour price chart. In detail, the analyst calls it a borderline beauty and highlights the near textbook formation of multiple bull divergence patterns. He says that this tightening price action and prior support in the buying volume will soon result in an explosive XRP price pump.
XRP’s Bollinger Bands Tighten Again Pointing to Major Pump
https://twitter.com/Steph_iscrypto/status/1868310294310850837
Similarly, another popular crypto analyst, trader, and enthusiast makes another bullish indicator on the XRP price chart come to light. He too identifies the Bollinger Bands on the 4-hour chart tightening and pointing to a big move for XRP. Ultimately, this analyst says that the last time this pattern played out, XRP price surges by 126%, and expects a similar outcome once again.
The post XRP’s Bollinger Bands Tighten Once Again Indicating Significant Price Pump, Another 126% Pump Ahead appeared first on Crypto News Land.
