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XRP is about to achieve a significant breakout of 30% against Bitcoin
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Sunday 04/05/2025 -
XRP targets a 30% breakout against the leading cryptocurrency Bitcoin, signaling Bollinger Bands.
XRP shows signs of readiness for a significant move against Bitcoin, as technical indicators suggest a potential breakout of 30%. The XRP/BTC pair has been trading sideways in a tight range, and this situation is now attracting the attention of traders anticipating the next big move.
Bollinger Bands have notably narrowed, an indicator typically used to track volatility, on the XRP/BTC chart. This narrowing usually indicates a potential breakout soon. Currently, XRP's price hovers around 0.00002292 BTC, but the upper range is high, near 0.00003079 BTC - a level that would represent a 30% increase if reached.
After a series of strong bullish candles, the price of Ripple has calmed down, mostly remaining stable during the past few sessions. This may seem normal, but in cryptocurrency markets, this sideways movement often paves the way for larger moves. With momentum remaining relatively strong and support levels holding, the outlook seems positive.
. Source: TradingView While there is no confirmation yet, any clear breach of the upper range may trigger new buying pressure on the pair. In this case, XRP could attract a new wave of interest, especially from traders moving away from more stagnant currency pairs. You might like
Market sentiment remains generally cautious, but technical patterns like this tend to stand out. A Bollinger Band squeeze rarely occurs, and when it does, it usually leads to a swift movement - in either direction. Currently, the path of least resistance seems bullish. Eyes will be on XRP's ability to break out of this consolidation easily. If successful, the level of 0.00003079 Bitcoin will be the level to watch immediately.
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