Prediction of 60,000% surge for XRP

A crypto analyst predicts a staggering 60,000% surge for XRP, ETFSwap, an Ethereum-based token, is emerging as the smarter choice.

As cryptocurrencies continues to grow, big forecasts and new opportunities are inevitable. The attention of investors all around the world has been drawn over the predicted surge of XRP to 60,000% as said by an analyst

However, amidst the hype, a new contender, ETFSwap (ETFS), an Ethereum-based token, is quietly positioning itself as the smarter investment choice.

Analyst sees huge 60,000% potential for XRP
A renowned crypto analyst has recently highlighted a potentially major XRP development on X. The Great Mattsby tracked XRP’s Bollinger Bands indicator monthly, indicating a cryptocurrency squeeze unequaled in history.

Technical analysis tool Bollinger Bands uses a 20-period moving average and two bands to measure price volatility. Contracting bands indicate lower volatility, possibly indicating market consolidation or hesitancy. Volatility increases with increasing bands, frequently before price breakouts.

The analyst claims that XRP’s Bollinger Bands are unprecedented in the cryptocurrency industry. Some analysts believe XRP’s current $0.59 price could rise due to this finding.

According to the analyst, XRP’s monthly Bollinger Bands tightened last time, causing a 60,000% price gain. The tweet likely refers to the 2017–2018 period when XRP’s price rose from a fraction of a cent to almost $3.

Previous experience is not indicative of the same result this time. Since 2017, the cryptocurrency industry has changed, which may affect XRP’s price. Additionally, Ripple Labs’ legal conflict with the SEC might significantly affect XRP’s price. The determination of this case may affect XRP and cryptocurrency regulation.