XRP may drop to $1, similar to 2018

After a surge of nearly 500% in recent weeks, the price of XRP appears to be approaching the local ceiling. Although this growth is in line with the overall trend of the crypto market, there is a possibility that the price of XRP will continue to adjust and ultimately stabilize at a significantly lower level than the current level of $2.26. In particular, an important technical indicator has hinted at this possibility, that is the Bollinger Band. This is a popular tool developed by John Bollinger, consisting of a simple moving average along with two standard deviations above and below, forming a price range. Currently, the price of XRP is above the upper range, while its average level is at 1 USD - a significant gap. The last time a similar event occurred was in 2021, when the price of XRP reached a record high and then adjusted back to the average level in the following weeks.

However, the current situation bears striking similarities to what happened in 2018. At that time, the highest ever XRP price was $3.3, while the average was only about $0.72. Then, the price dropped more than 82% in the following four weeks, down to $0.56 and then accumulated for three years. Even in 2021, after the price touched the average, the XRP price dropped below this level, while the Bollinger band narrowed. Although nothing is certain, based on historical trends, a similar situation is likely to recur. Therefore, it is important not to let vague expectations about the token obscure the vision, and instead, consider taking profits at least in part during the recent sharp price increase. DYOR! #Write2Win #Write&Earn $XRP {spot}(XRPUSDT)