XRP’s monthly volatility has plunged to its lowest levels ever, approaching the range that preceded the 60,000% price surge in 2017-2018.
The XRP (XRP) market is showing patterns that mirror the conditions preceding its monumental 60,000% price rally in 2018.
The Bollinger Band Width (BBW) on XRP’s monthly chart hit a new low in July, reflecting years of the XRP/USD trading pair moving within a narrower trading range.
From a technical perspective, these periods of low volatility can often precede major price movements. In other words, when the bands are narrow, it suggests that a breakout—either upward or downward—may be imminent as the market transitions back to higher volatility.
