XRP News Today: XRP's Bollinger Band Squeeze Signals 490% Price Surge Potential

Analyst Steph Is Crypto has drawn attention to a significant technical pattern in XRP, suggesting that the cryptocurrency is on the brink of a major price movement. The analyst highlighted that the Bollinger Bands for XRP are currently in an extremely tight range, a pattern known as a Bollinger Bands squeeze. This technical structure often precedes significant volatility and sharp price movements.

Historically, when XRP has exhibited this pattern, it has led to substantial price surges. The last occurrence of this setup in late 2024 resulted in a nearly 490% increase in XRP's value, rising from around $0.50 to over $2.90 within a few weeks. The current squeeze, with XRP hovering around $2.12, mirrors the conditions that preceded this historic rally, raising expectations among traders for a similar outcome.

Bollinger Bands measure market volatility by placing a moving average between two bands set two standard deviations apart. When these bands contract, it signals low volatility, typically a prelude to a sharp breakout. Steph Is Crypto's observation that XRP is once again in such a squeeze pattern suggests that the asset is poised for a significant move.

Currently, XRP is trading at approximately $2.12, having experienced a 3.99% drop over the past 24 hours. Technical indicators such as the Ichimoku Cloud and the Relative Strength Index (RSI) suggest short-term weakness, with the RSI dipping below the 30 level, indicating an oversold condition. However, this has not yet been confirmed by price action. The cluster of exponential moving averages (EMAs) between $2.22 and $2.24 acts as immediate resistance. A decisive close above this range could flip short-term sentiment bullish. Conversely, if XRP fails to break through, support may be tested around $2.08, with further downside potentially opening toward the $2.00 psychological level.

Beyond the technical indicators, several macro and project-specific developments support the case for a rally. Ripple’s recent initiatives, including its corporate reserve strategy, are expected to reduce market supply and boost institutional adoption. These factors could ignite fresh demand for XRP in the coming months. Additionally, Ripple CEO Brad Garlinghouse’s projections that XRP could handle as much as 14% of SWIFT-related transactions within five years point to increasing real-world utility. Combined with consistently high on-chain activity, including over 111,000 daily active addresses, there is a fundamental tailwind building behind the price.

The Bollinger Band squeeze is a technical signal with a strong track record of forecasting significant price shifts. When paired with Ripple’s ongoing development efforts and growing on-chain engagement, the conditions for a breakout appear increasingly favorable. However, the path forward hinges on price behavior around the key $2.22–$2.25 resistance zone. A strong break above that level would confirm the bullish breakout scenario analysts are watching. On the flip side, a failure to hold support at $2.08 could trigger renewed selling pressure.

Steph Is Crypto’s analysis carries weight not only because of the technical precision it highlights but also because of the historical performance of XRP under similar conditions. With the Bollinger Bands now tightly coiled and major developments unfolding within Ripple’s ecosystem, XRP appears poised for a decisive move. Whether that move is up or down, one thing is clear: the squeeze is nearing its end. And if past is prologue, XRP holders may soon find themselves at the center of the next major price surge.