- Bollinger Bands narrowing signals potential for XRP’s next big move, following similar patterns in past cycles.
- An analyst suggests XRP may see substantial gains if historical Bollinger Band trends repeat in this cycle.
The XRP price at the time of writing is roughly $0.5385, a slight increase of 0.40% over the last 24 hours. Particularly with relation to the closing of Bollinger Bands (BB), a fundamental technical signal for estimating possible volatility, market experts are closely observing its fluctuations.
Popular crypto analyst Jaydee explained that when Bollinger Bands thin, it indicates a big move is likely approaching. He mentioned that in the last two cycles, the thinning of Bollinger Bands resulted in a 10x to 650x increase within a year.
This signal has led many in the crypto community to speculate on XRP’s future trajectory, given its history of significant price swings following similar patterns.
#XRP – Bollinger Bands – When BB get thinner, it means a BIG move is coming! BB got thinner last two cycles that led to a 10x-650x in a year!
I called bottom, I'll call TOP next! Posting HUGE 5 chart update on Patreon/Discord next week w/targets!
400 Retweets for update on X!… pic.twitter.com/IlkI0BmwqK
— JD (@jaydee_757) August 26, 2024
Caution Amid Optimism: Navigating XRP Volatility
Though hope for these signs is high, Jaydee also provides sobering guidance. He stated:
“If structure breaks down with at least a few candles below, then i would call it a dead coin, but glad we are making 4x-33x on the other shit coins”
Especially considering the prospect of major price declines, his comment captures the volatility of the market and the significance of being alert for any momentum changes.
Adding to the discussion, CNF has covered the possibility for XRP to see explosive expansion should it grab even a percentage of the transaction volume handled by SWIFT, the worldwide financial messaging system. Should XRP perform in this sense, experts predict that its price would explode to $100 or more.
To compete with SWIFT’s worldwide supremacy, XRP must, however, first overcome more general adoption and regulatory clarity’s challenges.
More generally, whale behavior is also attracting notice. According to our prior report, Ripple whales has bought more than 40 million XRP, indicating growing belief in the long-term viability of the asset.
