XRP Price Compression Puts a Possible 71% Rally Scenario in Focus
Photo: The Crypto Basic
XRP has entered one of its tightest volatility setups in months, with the Bollinger Bands on the four-hour chart compressing to their narrowest level since August. The cryptocurrency is trading around $1.25, almost exactly in the middle of a narrow $1.23-$1.27 decision zone. The compression follows a sharp late-October decline that pushed XRP from above $1.30 toward the current consolidation area. The setup points to expanding volatility ahead, but the Bollinger Bands themselves do not determine whether the eventual break will be higher or lower.
Source: The Crypto Basic
