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Ripple’s XRP started the week strong, as market indicators display patterns that favor XRP bulls. On Monday, a notable market indicator flipped bullish for the fourth-largest cryptocurrency by market cap.
Despite the ongoing market turmoil, as shown on the 24-hour chart on Monday, XRP successfully moved to the middle line of the Bollinger Bands and gradually moved upwards.
The Bollinger Bands are an indicator that highlights the volatility of the leading asset, Bitcoin, displaying breakout moves and helping traders plan market entries and exits.
The recent movement, while mild, signals a major turnaround for the bulls, pointing to what could potentially give the bulls the upper hand and aid in the highly anticipated bullish reversal.
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