The cross-border token compressed into one of its tightest short-term ranges in months, a pattern that preceded a 71% rally.
This time, however, analysts aren’t as convinced of the asset’s direction, warning that the breakout could go either way – with $1.27 opening the bull case and a loss of $1.23 potentially leading to much more painful declines.
XRP Coiling for a big step?
According to popular analyst Ali Martinez, the Bollinger Bands on the 4-hour chart of XRP have compressed to their tightest levels since August. The last time they were this tight, Ripple’s token exploded 71% in three days during the mid-August rally, sending it from $1.00 to a multi-month high of $1.70.
However, Martinez cautioned that a Bollinger band squeeze signals increasing volatility potential rather than direction, and, as we know, historical performance does not guarantee a repeat. Therefore, the analyst highlighted two key levels to watch.
According to him, a 4-hour close above $1.27 would be bullish, while a close below $1.23 would favor sellers. XRP continues to trade at $1.25, even though most of the market has declined over the past 24 hours, which could be seen as a positive sign at the moment. Until it breaks out of its current range for good, traders should approach every minor move with caution.
XRP: A BIG MOVE IS COMING
The Bollinger Bands on the 4-hour chart have reached their narrowest levels since August.
The last time they were this compressed, $XRP rose 71% in just three days.
But pressure does not predict which direction to take.
This is why I look:
• 4H close above $1.27 = bullish
• 4H close below $1.23 = bearishMeanwhile, the no-trade zone is between $1.23 and $1.27.
– Ali Charts (@alicharts) November 2, 2026
A big drop on the way?
Fellow analyst CasiTrades is much more concerned about the downside potential. She highlighted XRP repeatedly consolidated below the $1.26 Fibonacci level, which previously served as support before collapsing. According to her, building resistance directly below a lost support level can precede an aggressive move lower.
Its downside targets are $1.10 and $0.90 if the broader market landscape deteriorates further. Furthermore, she warned that this move could happen quickly once momentum picks up.
The next few days are likely to be crucial for XRP, especially given today’s midterm elections in the United States and the expected volatility. However, if the asset fails to decisively breach the $1.27 barrier, its next move will likely be to the downside.
The article XRP Is About to Take a Big Step Forward: These Levels Could Decide the Direction appeared first on CryptoPotato.
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