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TimesTabloid 2025-05-05 21:40:08

XRP on Verge of Big 30% Breakout vs Bitcoin: Here’s What Bollinger Bands Say

XRP on Verge of Big 30% Breakout vs Bitcoin: Here’s What Bollinger Bands Say

Brett (@Brett_Crypto_X), a well-known crypto expert, has highlighted a key setup in the XRP/BTC trading pair, suggesting that XRP may soon see a substantial move against Bitcoin. In a recent post on X, Brett shared a chart using monthly candlesticks showing a classic Bollinger Band squeeze forming. This squeeze often precedes massive spikes in volatility, and according to the analyst, XRP could soon experience a 30% breakout against BTC. $XRP on Verge of Big 30% Breakout vs Bitcoin Bollinger Bands have narrowed considerably on the XRP/BTC chart. This kind of squeeze usually hints that a breakout could be just around the corner. pic.twitter.com/crjtfdd08K — Brett (@Brett_Crypto_X) May 4, 2025 Bollinger Band Squeeze Nears Breaking Point The chart Brett shared illustrates how XRP has spent several months consolidating after a strong rally in late 2024. The Bollinger Bands, which measure volatility, were wide during this period, but have narrowed significantly, pointing to an upcoming breakout. Brett’s chart points to a pattern similar to that seen in November 2024, when XRP began a sharp upward move after an extended period of low volatility. The tightening bands contributed to the surge after former SEC Chair Gary Gensler announced his resignation . Now that these bands are tightening, a similar surge may be coming. These bands have compressed steadily since late March, indicating reduced volatility. Historically, such tightening in the bands has preceded sharp directional moves, and Brett’s projection suggests the next move could favor XRP. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What to Expect from XRP Brett’s chart also shows that the 20-period simple moving average, which serves as the basis line of the Bollinger Bands, has flattened. This is another sign that the price is in consolidation. The candles from March to May also have small bodies, reflecting limited price action and reinforcing that a larger move may be ahead. Brett’s chart shows XRP stabilizing near the 0.000023 BTC level, with the most recent candles closing just below the basis line of the Bollinger Bands. The analyst did not attribute the potential breakout to any specific external catalyst. Instead, his observation is purely technical. The digital asset currently trades at $2.15, and applying the potential 30% increase would send it to $2.795, its highest level since early March 2025. The precedent set in late 2024, when a similar setup led to strong gains for XRP, appears to be the foundation for his current outlook. Analysts have consistently predicted growth for XRP against Bitcoin , and this Bollinger Band squeeze could contribute significantly to this growth if the breakout happens. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP on Verge of Big 30% Breakout vs Bitcoin: Here’s What Bollinger Bands Say appeared first on Times Tabloid .

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