XRP prices surged past $2.12 after a textbook Bollinger Band squeeze on the four-hour chart. This technical signal, typically indicative of reduced volatility and impending breakout, suggests strong upward momentum and renewed market confidence in XRP. Bitcoin’s climb to $87,465 and a weakening dollar index played a role in bolstering XRP’s gains. Crypto markets are demonstrating resilience amidst macroeconomic uncertainty and currency fluctuations, potentially decoupling from U.S. equities. ),
XRP has reached its strongest price level since April 16th at $2.12, following a noticeable Bollinger Band squeeze on the four-hour chart. Technical analysts believe this pattern signals a shift in market trend and increased buying pressure. The surge is attributed to the successful breakout above the upper Bollinger Band, which suggests a return of bullish momentum.