- XRP Bollinger Squeeze Signals Big Move Incoming
- Wedge Pattern Forms as Bulls Eye $2.35 Breakout
- 300% Yearly Gain Positions XRP for $5 Target
XRP is currently trading near $2.12 and showing early signs of a potential breakout following a period of extended consolidation. Technical data shows that XRP is entering a compressed state, with indicators suggesting an explosive move could occur in the next few months. Market observers are closely tracking XRP’s setup as conditions resemble past rallies.
Technical Patterns Indicate Pending Price Action
XRP is trading inside a wedge pattern, with price compressing between horizontal support at $2.00 and a descending resistance line formed since early 2025. This convergence is creating a tight range that analysts believe could break soon.
The Bollinger Bandwidth on the 12-hour chart has narrowed to its lowest level since October 2024, according to analyst Ali Martinez. Such compression has historically preceded sharp moves in XRP. Martinez also referenced the last major squeeze in late 2024 that led to XRP peaking at $3.50.
Current conditions suggest similar market energy may be building. The RSI remains in a neutral zone, giving space for upward movement, while the token’s position near its lower Bollinger Band may support a rebound toward resistance at $2.35.
Market Sentiment and Structure Support Bullish Continuation
XRP has seen a 300% gain year-over-year, rising from a low of $0.51 to over $2 in early 2025 (CoinMarketCap, April 21, 2025). Trading volume is stable at $1.57 billion, though recent short-term dips reflect caution.
The broader market environment, however, is much more favorable compared to previous years. Following the resolution of the SEC lawsuit and increased cross-border adoption, analysts forecast XRP could reach $5 by 2025, with long-term projections ranging as high as $15 by 2028.
The token’s utility and growing institutional use remain key factors. Traders are watching the $2.07 support and $2.35 resistance closely. A decisive move above could open the path toward $2.60 and beyond.
