XRP’s Bollinger Bands are signalling a major move is right upon us.
The cross-border token has compressed into one of its tightest short-term ranges in months, a setup that previously preceded a 71% rally.
This time, though, analysts are not so convinced of the asset’s direction, warning that the breakout could go either way – with $1.27 opening the bullish case and a loss of $1.23 potentially leading to much more painful declines.
XRP Coiling for a Big Move?
According to popular analyst Ali Martinez, the Bollinger Bands on XRP’s 4-hour chart have compressed to their tightest levels since August. The last time they were so narrow, Ripple’s token exploded by 71% in three days during the mid-August breakout rally that drove it from $1.00 to a multi-month peak of $1.70.
However, Martinez warned that a Bollinger Band squeeze signals rising volatility potential rather than direction, and, as we know, historical performance does not guarantee a repeat. Consequently, the analyst outlined two key levels to watch.
A 4-hour close above $1.27 would be bullish in his view, while a close below $1.23 would favor sellers. XRP continues to trade at $1.25 even as most of the market has declined over the past 24 hours, which could be considered a positive sign for now. Until it finally moves decisively out of its current range, traders should approach each minor move with caution.
XRP: A BIG MOVE IS COMING
The Bollinger Bands on the 4-hour chart have squeezed to their narrowest levels since August.
The last time they were this compressed, $XRP rallied 71% in just three days.
But a squeeze doesn’t predict direction.
That’s why I’m watching:
• 4H close above $1.27 = Bullish
• 4H close below $1.23 = BearishUntil then, $1.23–$1.27 is the no-trade zone.
— Ali Charts (@alicharts) November 2, 2026
A Big Drop on its Way?
Fellow analyst CasiTrades is considerably more concerned about the downside potential. She highlighted XRP’s repeated consolidation beneath the $1.26 Fibonacci level, which previously acted as support before breaking down. In her view, building resistance directly underneath a lost support level can precede an aggressive move lower.
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Her downside targets are $1.10 and $0.90 if the broader market’s landscape deteriorates further. Moreover, she warned that the move could happen quickly once momentum accelerates.
The next few days are likely to be quite crucial for XRP, especially given today’s midterm elections in the US and the expected volatility. However, if the asset fails to decisively overcome the $1.27 barrier, its next move would likely be to the downside.
