⭐⭐The Signal That Previously Brought Ripple to a 600-fold Rise is Active: 'It's Very Tight' ⭐⭐

Cryptocurrency analyst states that there is now a signal for Ripple (XRP), which has brought up to 600% rise in the past.

The analyst named The Great Mattsby attracted attention with his post on social media. He emphasized that XRP is currently in an overly squeezed position according to the Bollinger bands technical indicator.

The analyst reminded that this situation last occurred in 2017 and stated that there was an increase of around 60,000% at that time. He stated that XRP is currently experiencing one of the tightest monthly Bollinger Band squeezes in its history:

XRP currently has one of the tightest monthly Bollinger Band squeezes in its history. The last time it was this tight there was a 60,000% increase.

Bollinger bands are a common technical analysis indicator used in financial markets to measure price volatility of assets and identify possible price ranges.

This indicator uses standard deviation to measure volatility and evaluate the current state of prices. Wide bands represent high volatility and narrow bands represent low volatility.

XRP is up 4% in the last 24 hours and is currently trading at $0.45.

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