Coin Edition -
- An analyst observed tight Bollinger Bands on XRP charts reminiscent of 2017.
- XRP soared about 76,700% to an ATH of $3.84 after the 2017 observation.
- Accordingly, the analyst expects XRP to drop to $0 or soar to a new ATH above $4.
Crypto analyst by the pseudonym Charting Guy has called attention to a newly formed pattern on the XRP chart that suggests a bullish history may be about to repeat itself. In a recent post on X, the analyst disclosed that XRP’s monthly Bollinger Bands (BBs) have hit a historic milestone, with a bandwidth of 0.70. According to the analyst, this marks the tightest width observed since its peak at 0.73 back in 2017.
$XRP monthly bollinger bands are now the tightest they’ve ever been in history‼️0.70 for the widththe tightest it got before this was 0.73 in 2017.. 1 month before