XRP News Today: XRP's Bollinger Bands Signal 500% Price Surge Potential

XRP’s technical setup is currently signaling a significant price movement. According to popular crypto analyst Steph Is Crypto, XRP’s Bollinger Bands are now “extremely tight,” a classic indicator that a major price move is imminent. In a recent post on X, Steph declared: “BIG PUMP INCOMING!”

The current squeeze pattern mirrors the one seen in November 2024, which preceded a powerful rally that propelled XRP from around $0.50 to over $3 in just weeks. Bollinger Bands are a well-known technical analysis tool used to measure market volatility. When the bands contract tightly around the price, it typically means a significant move, up or down, is on the horizon. XRP’s current squeeze on the 3-day chart is the tightest it’s been in eight months. The last time such compression occurred, in late 2024, XRP surged by nearly 500% over a matter of weeks.

This makes the current setup especially compelling. If history repeats itself, XRP could be on the verge of a similar explosive breakout. As of report time, XRP is trading around $2.44, showing relative strength above the psychological $2 level. After a period of consolidation, the asset appears to be coiling for its next big move. Key resistance lies at the $2.70–$2.90 range. A clean breakout above this zone would likely trigger fresh bullish momentum and possibly retest or exceed the $3 mark.

Technical analysts also point to the formation of a potential inverse head-and-shoulders pattern. If confirmed, it could signal the beginning of a larger upward trend, with price targets extending into the $4–$5 region in the short to mid-term. The similarities between the current setup and November 2024 are striking. Back then, XRP saw one of its longest Bollinger Band contractions, lasting over 19 months. When the breakout finally occurred, it unleashed a wave of momentum that lifted XRP’s price by nearly 5x. Analysts widely agree that the ongoing squeeze could produce similar results, especially given how closely the current technicals align with that historical setup.

Beyond chart patterns, on-chain metrics and Ripple’s ecosystem developments are also fueling optimism. Whale activity is increasing, with large XRP transfers spotted in early July. Ripple’s expanding partnerships, growing adoption of its RLUSD stablecoin, and potential collaborations with financial giants are adding fundamental weight to the bullish narrative. Meanwhile, daily active addresses on the XRP Ledger are climbing steadily, another sign of growing network utility and investor interest.

With Bollinger Bands tighter than they’ve been in months, and a clear historical precedent suggesting explosive upside, XRP may be on the verge of its next big move. Steph Is Crypto’s alert has brought this pattern into the spotlight, and the crypto community is watching closely. If XRP breaks above $2.70 with strong volume, it could be the spark that ignites a full-blown rally. As always, traders should watch key technical levels and manage risk accordingly. But if the pattern plays out as it did before, XRP could be about to make headlines once again.