XRP may be gearing up for a significant breakout, according to fresh technical signals shared by crypto analyst Ali Martinez.
In an April 21 post on X, Martinez highlighted a classic Bollinger Band squeeze forming on the 4-hour chart, which often signals a sharp price movement is near.
“The Bollinger Bands are squeezing on the XRP 4-hour chart, signaling that a major price move could be just around the corner,” he wrote.
The Bollinger Bands are squeezing on the $XRP 4-hour chart, signaling that a major price move could be just around the corner. pic.twitter.com/Yeu0f71PPG
— Ali (@ali_charts) April 20, 2025
What a Bollinger Band Squeeze Means
The Bollinger Bands (BB) are a widely used indicator that tracks market volatility. When the upper and lower bands begin to converge, it suggests a period of low volatility—commonly followed by a breakout or breakdown.
While the indicator doesn’t predict the direction of the move, traders often prepare for high-impact price action, setting up for both bullish and bearish scenarios.
XRP Price Still Range-Bound—for Now
Currently, XRP is consolidating around $2.11, reflecting a tight trading range over the past few days. A decisive move outside this range, especially with volume confirmation, could validate the breakout thesis.
With the XRP community closely watching price levels and technical patterns, all eyes are now on whether this squeeze setup will resolve to the upside—or trigger a correction.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/xrp-price-poised-for-major-move-as-bollinger-bands-tighten/