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XRP to Moon? Ripple’s Win and Bollinger Bands Point to All-Time High Breakout
In a recent interview, Brad Garlinghouse, the CEO of Ripple, shared his thoughts on XRP’s price action. While discussing XRP’s potential, he hinted that the company might not be selling as much as before, potentially leading to increased demand for the cryptocurrency and, in turn, higher prices.
The sentiment around Ripple has been extremely positive lately, with many experts predicting a moonshot-style rally. And, if we look at the technicals, it seems like there’s significant evidence supporting this notion.
As seen on the weekly chart, XRP is currently trading within a consolidation phase, but the picture looks quite bullish for two main reasons. Firstly, the cryptocurrency has found support at the middle band of the Bollinger Bands, which suggests that the price action is about to bounce back.
Source: https://u.today/xrp-to-moon-ripples-win-and-bollinger-bands-point-to-all-time-high-breakout
