XRP's historical volatility has reached a 20-month low, suggesting a potential rally as market losses slow. The cryptocurrency, currently priced at $1.41, has declined over 61% from its all-time high of $3.66 amid ongoing market turbulence. Despite recording four consecutive monthly losses, the downturn appears to be losing momentum, with XRP's volatility indicator dropping to 96, a level last seen in June 2024.
Market commentator Austin notes that the last time XRP's volatility was this low, it marked the bottom of a downtrend, followed by a significant rally in November 2024. He suggests that the current low volatility could lead to a similar upward breakout, potentially mirroring XRP's 2017 surge. However, while a substantial rally is anticipated, the extent of the increase remains uncertain.
XRP Volatility Hits 20-Month Low, Signaling Potential Rally
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