XRP is approaching a crucial turning point as price action tightens within a major consolidation range, fueling speculation that a breakout could be near. With bullish momentum slowly building, analysts believe a decisive move above the key $1.50 resistance level could ignite a powerful rally toward higher targets in the coming sessions. Bollinger Band Squeeze Signals Explosive Move Ahead Crypto analyst Ali Charts believes XRP may be on the verge of a major breakout move as volatility continues to tighten across higher time frames. According to the analyst, the Bollinger Bands on XRP’s 3-day chart are experiencing their tightest squeeze in more than a year, a condition that often precedes a sharp expansion in price action. Related Reading: XRP’s Recent Strategic Setup Could Mark The End For Bears – Crypto Analyst Says Despite the growing anticipation, he described the current setup as a no-trade zone, emphasizing that traders should avoid premature positions until the market confirms its next direction with a decisive breakout. The analyst is closely watching the $1.50 and $1.29 levels for confirmation. A clean 3-day candlestick close above $1.50 would likely trigger an upside rally toward his primary target around $1.80. Such a breakout would indicate that buyers have regained strong control of momentum. On the downside, Ali warned that a close below $1.29 would weaken the current bullish structure and increase the possibility of a deeper correction toward the key psychological support near $1. He stressed that patience remains crucial in the current environment, noting that waiting for the Bollinger Bands to break before entering trades offers a good risk-to-reward opportunity. XRP Remains Trapped Inside Broad Corrective Triangle XRP is currently navigating a broad, corrective triangle structure following a failed attempt at an upside breakout. More Crypto Online highlighted that this recent price action lacks necessary impulsive characteristics, suggesting the asset remains locked within a wide, range-bound environment for the time being. Related Reading: XRP Price Momentum Turns Fragile, Traders Brace For Further Weakness The preferred technical scenario allows for the continued development of this larger triangle formation, which may eventually support another move higher as part of a developing C-wave. Thus, the primary resistance clusters are located at $1.55, $1.60, and $1.66, serving as potential ceilings for the move. Conversely, the structural integrity of this triangle weakens significantly should the price breach the critical support threshold of $1.28. Before reaching that level, the next support is around $1.30, followed by a deeper liquidity zone situated between $1.26 and $1.16, which serves as the ultimate range support. XRP continues to oscillate within this corrective range. While an upside extension remains a possibility, the market has yet to demonstrate a convincing, impulsive breakout. Nonetheless, the burden of proof rests with the bulls to initiate a definitive trend shift above current resistance levels. Featured image from Adobe Stock, chart from Tradingview.com
