XRP’s Tightening Squeeze: Is a Breakout Imminent?

XRP price hovers near $2.10 after experiencing modest gains, but technical signals suggest an impending breakout. Traders are anticipating a shift in trend strength, potentially leading to a surge towards the upper Bollinger Band of $2.23. 4-hour chart analysis reveals a strengthening structure with higher lows, while the 1-hour chart indicates an ascending triangle pattern, both pointing to bullish momentum. The tightness of Bollinger Bands across all timeframes – daily, hourly and 4-hour – hints at volatility compression and suggests a potential breakout could occur soon.