XRP news today: XRP Poised for 30% Breakout as Bollinger Bands Squeeze
2min read XRP, the cryptocurrency associated with Ripple, is currently positioned at approximately 0.00002292 BTC. The upper Bollinger Band on the XRP/BTC chart is situated near 0.00003079 BTC, suggesting a potential 30% gain if this level is reached. The narrowing of the Bollinger Bands on the XRP/BTC chart indicates a significant squeeze, which typically signals an impending breakout. This technical indicator suggests that XRP could be on the verge of a substantial price movement, either upward or downward.
Brett, a well-known crypto expert, has highlighted a key setup in the XRP/BTC trading pair, suggesting that XRP may soon see a substantial move against Bitcoin. In a recent post on X, Brett shared a chart using monthly candlesticks showing a classic Bollinger Band squeeze forming. This squeeze often precedes massive spikes in volatility, and according to the analyst, XRP could soon experience a 30% breakout against BTC.
The chart Brett shared illustrates how XRP has spent several months consolidating after a strong rally in late 2024. The Bollinger Bands, which measure volatility, were wide during this period, but have narrowed significantly, pointing to an upcoming breakout. Brett’s chart points to a pattern similar to that seen in November 2024, when XRP began a sharp upward move after an extended period of low volatility. The tightening bands contributed to the surge after former SEC Chair Gary Gensler announced his resignation. Now that these bands are tightening, a similar surge may be coming.
These bands have compressed steadily since late March, indicating reduced volatility. Historically, such tightening in the bands has preceded sharp directional moves, and Brett’s projection suggests the next move could favor XRP. Brett’s chart also shows that the 20-period simple moving average, which serves as the basis line of the Bollinger Bands, has flattened. This is another sign that the price is in consolidation. The candles from March to May also have small bodies, reflecting limited price action and reinforcing that a larger move may be ahead.
Brett’s chart shows XRP stabilizing near the 0.000023 BTC level, with the most recent candles closing just below the basis line of the Bollinger Bands. The analyst did not attribute the potential breakout to any specific external catalyst. Instead, his observation is purely technical. The digital asset currently trades at $2.15, and applying the potential 30% increase would send it to $2.795, its highest level since early March 2025. The precedent set in late 2024, when a similar setup led to strong gains for XRP, appears to be the foundation for his current outlook.
Ask Aime: What is the technical analysis indicating for XRP's future price movement?
It is important to note that while Bollinger Bands provide valuable insights into potential price movements, they do not indicate the direction of the breakout. Other technical indicators and market factors should be considered to determine whether the breakout will be bullish or bearish. Traders and investors should closely monitor the market for additional signals and confirmations before making any trading decisions.
The current market sentiment for XRP appears to be bullish, with many traders taking long positions. However, it is crucial to remember that market sentiment can change rapidly, and traders should remain cautious and adaptable to new information and developments. In summary, XRP is currently at a critical juncture, with the potential for a significant price movement in the near future. The narrowing of the Bollinger Bands suggests that a breakout is imminent, and traders should closely monitor the market for additional signals and confirmations. While the current market sentiment is bullish, it is essential to consider all available information and remain cautious in the volatile cryptocurrency market.
