#xrp新纪元
🔴XRP is about to surge to 250 🔴
🔴 XRP Bollinger Bands Analysis: Cryptocurrency analyst Matt Hughes pointed out that XRP may usher in a historic surge based on the tightness of XRP’s monthly Bollinger Bands. This technical indicator suggests that XRP could see a significant rise similar to its previous surges.
🟢 Historical performance:
First instance: From September 2016 to March 2017, after months of consolidation, XRP’s Bollinger Bands tightened sharply, followed by a price surge of 60,000%1.
Second instance: From December 2020 to April 2021, XRP increased by approximately 1,000%2.
🔵 Current situation:
The current tightness of the Bollinger Bands has reportedly reached unprecedented levels, even exceeding the first instance, suggesting that XRP may experience a more violent rise than previous cycles2.
🟡 Price prediction:
Hughes said that if XRP tests the lower Bollinger Bands, it could drop to around 0.30 before it could break out and rise to 3. He also speculated that XRP could reach highs as high as 250, given historical patterns and the tightness of the current Bollinger Bands
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