Recent analysis of Ripple’s XRP (CRYPTO:XRP) suggests a potential upcoming bull run, indicated by historically low levels of volatility as measured by Bollinger Bands.
Despite a 7% decline over the past month, XRP has stabilised around $0.45 after a market downturn on July 5th.
The Bollinger Bands, known for predicting volatility swings, currently show one of the tightest squeezes in XRP's history, a pattern that previously preceded a massive 60,000% price surge in the cryptocurrency.
While some analysts remain cautious, others have made optimistic predictions ranging from significant gains to more extravagant forecasts, highlighting varying expectations within the crypto community.