XRP Bollinger Band Squeeze Signals Potential Breakout to $5
XRP is showing a Bollinger Band squeeze on both three-day and two-day charts, signaling rising volatility. Since mid-January, the token has traded in a symmetrical triangle around $2.21–$2.27 on low volume. Analysts note that XRP’s tight Bollinger Bands often precede sharp moves, as seen before November’s rally. A daily close above $2.33 could confirm a breakout toward $5, implying 120% gains. Traders should also watch resistance near $5 and short-position liquidity above $2.35 for a possible short squeeze. With crypto sentiment lagging the stock market, volatility may intensify. Wait for a confirmed breakout before trading and apply strict risk management.
Neutral
The combined analysis highlights an imminent rise in volatility for XRP due to a prolonged Bollinger Band squeeze and a symmetrical triangle pattern. While a daily close above $2.33 could trigger a bullish breakout toward $5 with a potential short squeeze, the direction remains unconfirmed until the price decisively breaks the current range. This mixed signal suggests traders should remain cautious and wait for confirmation, resulting in a neutral market outlook in both the short and long term.