RATE Group | XRP Price Ready to See Strong Move; What Are Analysts Thinking?
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XRP Price Ready to See Strong Move; What Are Analysts Thinking?

15 Dec XRP Price Ready to See Strong Move; What Are Analysts Thinking?

Posted at 03:35h in Cryptocurrency News by

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While all eyes have been on Bitcoin as of late, it may be time to pay XRP some heed. A top analyst recently noted that the popular altcoin is on the verge of seeing a bout of strong volatility, with the tug-of-war between both bulls and bears heating up on both sides, creating tighter and tighter price action.

Related Reading: What Miner Capitulation? Bitcoin Miners Confident in Price Prospects

Is XRP Ready to Breakout?

Earlier this week, NewsBTC reported that Bitcoin’s Bollinger Bands on the one-day chart are starting to consolidate, tightening as prices have stagnated in the low-$7,000s range. They imply that the cryptocurrency will soon see a 15%+ move.

This has been echoed by John Bollinger, creator of the indicator himself, saying in a recent tweet that he believes “most cryptocurrencies are at or near Bollinger Band Squeeze levels. Time to pay attention.” Bollinger called the massive 40% move seen at the end of October.

According to Big Cheds, the tightness of Bollinger…

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