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Major XRP Breakout Brewing as Bollinger Bands Reach Extreme Compression


Major XRP Breakout Brewing as Bollinger Bands Reach Extreme Compression

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Despite repeated failed breakout attempts in recent months, analysts remain bullish that a significant move is imminent for the cross-border crypto token. Analyst Ali Martinez cites tightening Bollinger Bands as a technical signal of volatility contraction ahead of a potential breakout, implying possible price action and market impact for token adoption and DeFi/DEX sentiment.

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Although every major breakout attempt from the cross-border token has been halted in the past several months, analysts continue to be highly positive that such a big move is in the making.

Ali Martinez is the latest to outline such an opinion, basing his view on the tightening Bollinger Bands.

Read the article at CryptoPotato

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