#XRP is eyeing a double-digit target as it observes a Bollinger Bands re-expansion similar to what occurred during the 2017 bull run. Crypto Trader The Great Mattsby Highlights Bollinger Bands Hint at an Additional 1,300% $XRP Surge. Now, The Great Mattsby has spotlighted an interesting development surrounding the Bollinger Bands. Specifically, as XRP soared past the $2 price level after six months of consolidation at this range, the Bollinger Bands have begun expanding further in what Mattsby calls a “re-expansion” move. Notably, this re-expansion indicates that XRP is now gradually surging to greater levels. To highlight the possible impact of this new development, the market analyst cited historical context. For context, XRP observed a similar pattern back in 2017 during its bullish run. After it soared from $0.005 to $0.3988 in early 2017, the Bollinger Bands expanded. However, the roadblock at $0.3988 led to a six-month consolidation, during which the Bollinger Bands maintained their expansion.
Nonetheless, XRP broke out of the consolidation in November 2017, leading to the “re-expansion” of the Bollinger Bands. According to Mattsby, this re-expansion resulted in a further 1,300% rally for XRP, leading to the $3.8 all-time high price by January 2018. He believes a similar run could play out as the re-expansion emerges in the current bull cycle. In a subsequent report, Mattsby showed that if XRP repeated the 1,300% rally, its price would soar to a new all-time high of $45. According to him, this aligns with the green level of his earlier Gaussian analysis.
Interestingly, The Great Mattsby also revealed that when this re-expansion began in 2017, XRP saw a massive 800% monthly gain. Market data confirms this disclosure. Specifically, XRP soared from a low of around $0.2 to $1.99 in December 2017, representing an over 800% increase.
Notably, this marked its highest monthly gain in history. With XRP now changing hands at $3.55, if it recorded a similar 746% monthly gain alone, the price would quickly soar to $30.

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