XRP to $45? Analyst Spots Re-expansion of Monthly Bollinger Bands
Main Idea
Analyst The Great Mattsby predicts XRP could reach $45 based on a re-expansion of monthly Bollinger Bands, similar to the setup before its 2017 bull run, amid growing utility and market optimism.
Key Points
1. The Great Mattsby identifies a re-expansion of XRP's monthly Bollinger Bands, a technical pattern that preceded a 1,300% surge in 2017.
2. XRP's current price is $3.53, consolidating above key Fibonacci levels with signs of renewed buying pressure and increasing volatility.
3. Unlike 2017, XRP now has stronger real-world utility, including XRPL-based smart contracts and adoption in payment systems as an alternative to SWIFT.
4. The $45 price target is based on historical patterns and current technical indicators, suggesting potential for significant upward movement.
5. The article emphasizes that the content is informational and not financial advice, urging readers to conduct their own research before investing.
Description
Renowned crypto analyst The Great Mattsby has spotlighted a powerful technical development in XRP’s long-term chart: a re-expansion of the monthly Bollinger Bands. This rare and potentially explosive signal that last occurred ahead of XRP’s historic 2017 bull run According to Mattsby, this same setup preceded a 1,300% surge. He now believes history could rhyme once more, this time with a possible price target of $45 per XRP. This fresh outlook comes amid rising optimism within the XRP community ...
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