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Bollinger Bands Signal Major Upside for XRP
In a shocking turn of events, the price of XRP has taken a drastic 24-hour plunge, plummeting by $4 billion. As investors scramble to make sense of this sudden downturn, one technical indicator suggests that there could be major upside ahead.
According to the Bollinger Bands, if the current trajectory continues, we might see XRP find its footing at the lower band currently situated at $2.33. This would represent a climb of 8.15% from where the cryptocurrency sits today. While this isn’t a massive gain, it’s still something to keep an eye on.
However, should things continue to go in a positive direction, we could potentially see XRP reach its upper band, which is currently priced at $2.55. This would mark a whopping 18.22% increase from the current market price. Needless to say, that kind of growth would be nothing short of astonishing.
For now, however, all attention will be focused on the lower band, as it seems that’s where XRP might find its bearings. If that happens, what comes next could get a whole lot more exciting.
Source: https://u.today/bollinger-bands-signal-major-upside-for-xrp
