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XRP Price May Fall to $1 as in 2018, Bollinger Bands Signal
In a shocking turn of events, the price of Ripple’s native cryptocurrency, XRP, has taken an unexpected dive. The asset has seen its value plummet by over 82% in just four weeks, dropping as low as $0.5627 and entering a three-year accumulation phase.
As we continue to monitor the market’s volatility, it is essential to keep in mind that even during the median hitting process, the price of XRP fell below it and the distance between Bollinger Bands narrowed once more. This situation may repeat itself based on historical trends for XRP.
The recent rally has sparked some euphoria among investors, but it is crucial not to lose sight of potential future events. It’s essential to remember the significant fall in 2018 when the price hit as low as $0.5605.
Source: u.today
