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XRP, a well-liked digital currency, is poised to kick off the upcoming year with a significant increase of 25% in its price. Although not guaranteed due to the volatile nature of the crypto currency market, this projection is indicated by the Bollinger Bands.
Created by respected trader John Bollinger, this technical tool features a middle line, typically a 20-day moving average, surrounded by two outer lines that measure the degree of price movement above and below this central point. Together, these three components define a price channel that helps investors gauge whether a token is undervalued or overvalued for identifying key levels of price support and resistance.
