The Bollinger bandwidth for XRP and bitcoin has reached its lowest level since October 2024 on the 4-hour chart. This key volatility indicator, which measures the space between the upper and lower Bollinger Bands as a percentage of the 20-day moving average, suggests a buildup of market energy. The Bollinger Bands are set at plus two and minus two standard deviations from the 20-period moving average of an asset’s market price. A narrow bandwidth, like the one observed now, indicates a quiet period in the market, often preceding significant price movements. In November-December, both cryptocurrencies experienced surges following similar periods of low volatility. However, tight bands can also signal potential sell-offs, as seen in October 2022 after the collapse of FTX. The outcome of this current compression remains uncertain, with the potential for either bullish volatility or a sharp decline.
Oscar Ramos
@realOscarRamos1
·
Apr 7 IF You OWN $XRP Right NOW, I got this to tell You– Don’t be Weak! Don’t be Stupid! Don’t be a PANICAN
– $1.61 XRP Lowest SO FAR
– US Stocks CRASHED
– is the WORST OVER?
– I bought the #XRP DIP!!!
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