Analyzing the XRP weekly chart reveals a rich narrative of price action, technical patterns, and potential market direction. Over 100 candlesticks illustrate a breakout in October 2024, pushing prices from below $0.70 to nearly $3.80. However, this parabolic rally proved unsustainable, followed by volatility and consolidation. This pattern suggests a classic blow-off top, now being tested for a retracement phase or continuation pattern. The Bollinger Bands offer insights into the price’s recent volatility and potential future movement. A major expansion during the bullish run led to wide bands before contraction as prices pulled back; currently, XRP is trading around $2.40, nearing the middle band. This breach suggests a bearish tone in the short term unless the price reclaims the SMA level convincingly. The lower Bollinger Band rests near $1.77, however, offering potential short-term support. The narrowing bands further signal reduced volatility and a possible squeeze, suggesting a major price move could be on the horizon.