XRP Poised For Over 5,000% ‘Explosive Charge’, Analyst Says

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XRP Poised For Over 5,000% ‘Explosive Charge’, Analyst Says - NewsBTC

Quick Summary:

The analysts shared their thoughts on X, formerly known as Twitter, thinking the same – that it may push the altcoin up past its current resistance levels.Bobby A.’s charts reveal a very promising breakout pattern on the monthly timeframe, while GoldE33 identifies the shrinking Bollinger Bands as a sign of an imminent price explosion.

The Role Of Bollinger Bands While Bobby A.used resistance and potential price targets in his analysis, GoldE33, on the other hand, makes use of Bollinger Bands, a tool used for the measurement of volatility and price action.#XRP – Bollinger Bands – When BB get thinner, it means a BIG move is coming!

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 According to GoldE33, contraction on the XRP chart in the Bollinger Bands is usually a sure sign of an approaching increase in price.