- The XRP/BTC ratio breaking above the Bollinger Bands upper band suggests the possibility of a rise in Ripple.
- It was noted that in 2017, the XRP/BTC ratio also surged nearly 200% after breaking above the upper band.
- Omkar Godbole mentioned that it is worth watching if a similar upward trend will repeat this time.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Source=TradingView
There is a claim that a sharp rise in Ripple is expected based on chart analysis.
On the 3rd (local time), Omkar Godbole, a CoinDesk analyst, stated, "For the first time since 2017, the XRP/BTC ratio has broken above the upper band of the Bollinger Bands on the monthly chart," suggesting "this indicates a sharp rise in Ripple." He added, "In 2017, the XRP/BTC ratio also surged nearly 200% after breaking above the upper band of the Bollinger Bands," and "we need to see if history repeats itself this time."

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Nasdaq Submits CoinShares Ripple and Litecoin Spot ETF Review Request
3 hours ago
Strategy Purchases Additional 7,633 BTC
4 hours ago
Bitcoin Selling Pressure Hits Highest Since June 2022
5 hours ago
Steel and Aluminum Tariff News... Asian Markets Fall, US Stock Futures Rise
6 hours ago
Ethereum's Bearish Trend Expected to Continue Despite ETF Inflows
9 hours ago
Ranking News