XRP Bolinger Bands Compress as Bulls Aim for $2.55

XRP’s (XRP) price was up 3% on Friday to trade above $1.40 as several technical and onchain indicators suggested it was due for a “significant” upward breakout. Bollinger Bands, a technical indicator used by traders to assess price momentum and volatility within a certain range, have reached their tightest point in eight months, signalling that volatility should be expected soon.

The “daily XRP Bollinger Bands have slipped to their tightest level since July 2025,” analyst The Crypto Basic said in an X post. “Tight Bollinger Bands often indicate lower volatility, and the breakout that follows could lead to an explosive run,” The Crypto Basic added.

XRP price action is forming a falling wedge pattern on the weekly chart, a structure typically associated with bullish reversals after a prolonged downtrend. Meanwhile, the relative strength index (RSI), on the weekly chart, is rebounding from oversold territory, indicating fading selling momentum.

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