XRP (XRP) Price: Market Decouples from U.S. Equities as XRP Hits $2.12 📈
XRP has experienced a significant surge in its price, reaching $2.12, marking the highest level since April 16. This price movement occurred amid a Bollinger Band squeeze on the four-hour chart, which indicates declining volatility and the potential for a breakout. The Bollinger bandwidth is now at its lowest level since October 2024, a pattern similar to what was observed before previous volatility explosions.
This upward movement of XRP comes during a broader rally in the cryptocurrency market, with Bitcoin reaching a price of $87,465. Notably, this market activity appears to be decoupled from U.S. equities.
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