RATE Group | XRP Price Ready to See Strong Breakout; What’s Next For It?
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XRP Price Ready to See Strong Breakout; What’s Next For It?

05 Jan XRP Price Ready to See Strong Breakout; What’s Next For It?

Posted at 21:27h in Ethereum News by

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According to cryptocurrency trader Big Cheds, the chart of XRP against Bitcoin (XRP/BTC) is currently showing signs that an influx of volatility is about to take place. The main sign, prices are consolidating, leading the one-day Bollinger Bands, a measure of volatility, to form a major pinching pattern, implying that a large breakout in one direction or the other is on the verge of taking place.

Indeed, previous Bollinger Band pinches on the chart of XRP/BTC and other cryptocurrencies were precursors to price influxes that expanded the bands.

Breakout Likely to Bring XRP Higher

According to a number of prominent analysts, XRP’s breakout is likely to take place in the upward direction due to a confluence of factors.

Per previous reports from Ethereum World News, the Bitcoin trading…

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