While all eyes have been on Bitcoin as of late, it may be time to pay XRP some heed. A top analyst recently noted that the popular altcoin is on the verge of seeing a bout of strong volatility, with the tug-of-war between both bulls and bears heating up on both sides, creating tighter and tighter price action.<\/p>\n
Earlier this week, NewsBTC reported<\/a> that Bitcoin\u2019s Bollinger Bands on the one-day chart are starting to consolidate, tightening as prices have stagnated in the low-$7,000s range. They imply that the cryptocurrency will soon see a 15%+ move.<\/p>\n This has been echoed by John Bollinger, creator of the indicator himself, saying in a recent tweet that he believes “most cryptocurrencies are at or near Bollinger Band Squeeze levels. Time to pay attention.” Bollinger called the massive 40% move seen at the end of October.<\/p>\n According to Big Cheds,<\/a> the tightness of Bollinger Bands is especially pronounced for XRP. The trader noted that XRP’s daily Bollinger Bands haven’t been this tight since March, implying that volatility is well on its way.<\/p>\n $XRP<\/a> #Ripple<\/a> daily BBs have not been this tight since March, AKA volatility coming#TheStandard<\/a> pic.twitter.com\/5Ozetn0OPF<\/a><\/p>\n — Cheds (Trading Quotes) (@BigCheds) December 14, 2019<\/a><\/p><\/blockquote>\n\n