XRP Price Poised for Major Move as Bollinger Bands Tighten

XRP may be gearing up for a significant breakout, according to fresh technical signals shared by crypto analyst Ali Martinez.

Cryptocurrency analyst Ali Martinez has spotted a classic technical pattern forming on the XRP chart, suggesting that the altcoin may be gearing up for a significant breakout.

In a post on X, highlighting fresh signals on Thursday, April 21, the analyst noted that the Bollinger Bands are squeezing 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,” stated Martinez.

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.

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.

However, 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.