Market Movement and Technical Analysis: XRP’s Bollinger Bands Indicate Significant Price Action Ahead

XRP’s Bollinger Bands Tighten Once Again Indicating Significant Price Pump, Another 126% Pump Ahead

The cryptocurrency market is currently in a state of excitement and frenzy as Bitcoin sets another all-time high (ATH) at $106,488.25m. This surge has resulted in an increase in bullish sentiment within the crypto community, with many altcoins showing signs of a rally behind the dominant asset. XRP, Ripple’s native cryptocurrency, is also displaying significant bullish indicators.

In a recent tweet, popular crypto analyst Javon Marks pointed out that XRP’s Bollinger Bands are tightening once again, indicating an impending and explosive price surge. This comes as no surprise to many investors who witnessed the last such occurrence in the past. During that time, XRP saw a whopping 126% pump.

As seen on the tweet below, Marks emphasizes the significance of this development by stating, “XRP’s current setup on the 4hr is a borderline beaut of one.” The use of the phrase “borderline beauty” highlights the extraordinary bullish nature of this indicator.

Source: cryptonewsland.com