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Title: XRP Price May Fall to $0.5627 as in 2018, Bollinger Bands Signal
In a surprising turn of events, the price of Ripple’s XRP cryptocurrency may be heading towards a drastic fall, much like it did in 2018. As per recent data and charts, the Bollinger Bands signal suggests that the token could potentially drop to as low as $0.5627.
The last time such an event occurred was in 2018 when the price of XRP plummeted from an all-time high to a significantly lower value. While this is not set in stone and predictions should always be taken with a grain of salt, it’s essential for investors to be aware of potential risks and take necessary precautions.
As seen on the chart, after the recent rally, the price of XRP has entered into a three-year long accumulation phase, similar to what was seen in 2021. Despite reaching new highs, the cryptocurrency’s price has not been able to surpass its previous median prices.
Source: u.today
