XRP: Compressed Squeeze Signals Potential Breakout Above $2.35

XRP is showing early signs of a potential breakout as technical indicators point to an explosive move in the near future. A recent period of consolidation has led to XRP entering a compressed state, with the Bollinger Bandwidth narrowing to its lowest level since October 2024. This compression suggests that a significant price jump could occur soon. The tight range created by this tightening is reminiscent of past rallies and is driving attention from market observers who are closely monitoring the token’s progress.