TL;DR
- XRP‘s Bollinger Bands have tightened, hinting at a price swing that could make or break your day.
- Investors are feeling bullish, moving XRP to self-custody like it’s the last cookie in the jar, with active addresses hitting a multi-month high of over 1.12 million.
The Calm Before the Storm?
Ah, the price of Ripple’s cross-border token, a creature of habit, currently dances far from its January peak of nearly $3.40. For the past month, it has been playing hide and seek in the $2.08-$2.47 range, now resting at about $2.22 (thanks, CoinGecko!). But lo and behold, the tightening Bollinger Bands whisper of a significant move, as our friend xoom recently noted.
XRP Bollinger bands tightening.
Every time we’ve seen this happen, you know what happens next 🤔
— xoom (@Mr_Xoom) June 16, 2025
Ah, the wisdom of John Bollinger, who in the 1980s gifted us this technical tool to identify when things are too hot or too cold. When the bands tighten, it’s like a suspenseful movie—low volatility, but a big twist is just around the corner!
As CryptoPotato reported, the bands squeezed tight at the end of 2024 when XRP was a mere $2.10. Shortly thereafter, it embarked on a bull run that nearly matched its all-time high. Quite the plot twist, wouldn’t you say?
In April, the bands tightened again, and what happened? The price soared above $2.60, leaving many to wonder if they should have bought popcorn instead of XRP.
But beware! This indicator is not a crystal ball; sometimes the price just sits there, flat as a pancake, or even drops like your hopes after a bad breakup. Some users on X are already speculating if a pullback to $2 is on the horizon. Oh, the drama!
Something Entirely for the Bulls
According to CoinGlass, it has been a rare sight indeed for exchange inflows to outpace outflows lately. This suggests that many investors are moving their precious XRP off centralized platforms, opting for self-custody like it’s a secret treasure map, thus reducing immediate selling pressure.
Another glimmer of hope for the bulls is the rising number of active XRP addresses. Earlier this week, the ever-popular X user Ali Martinez revealed that the count jumped to a multi-month high of over 1.12 million. It seems the network is gaining traction, or perhaps just a lot of new friends!
And if you’re feeling adventurous and want to explore some optimistic price predictions involving Ripple’s cryptocurrency, feel free to take a look at our dedicated article here.
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2025-06-17 14:21