The XRP price could break out above the $2.15–$2.30 range, with tightened Bollinger Bands indicating a potential spike in volatility.
By Bhushan Akolkar
Editor Hamza Tariq
Updated
2 mins read
Over the past week, the XRP XRP $2.28 24h volatility: 0.7% Market cap: $134.67 B Vol. 24h: $2.33 B price has been hovering between $2.15 and $2.30, signaling a potential breakout on the horizon.
A closer look at XRP’s technical charts reveals that the Bollinger Bands have tightened to levels not seen in eight months. This indicates that the Ripple-backed altcoin is gearing up for a significant surge in volatility.
An X user, STEPH IS CRYPTO, has compared the current XRP price setup to conditions last seen in November 2024.
At that time, XRP was trading around $0.50 before rallying nearly 600% to reach close to $3.40 in the following months. With the token now trading at approximately $2.27, a similar percentage gain could propel the price beyond $16.
The #XRP Bollinger Bands are extremely tight.
BIG PUMP INCOMING! pic.twitter.com/btbtZkR8pb
— STEPH IS CRYPTO (@Steph_iscrypto) July 6, 2025
Other market analysts also believe XRP is primed for a strong upward move, especially following Ripple’s recent application for a U.S. banking license last week.
On July 7, crypto analyst CRYPTOWZRD noted on X that XRP has been consolidating for the past 32 weeks and is now “gathering strength,” suggesting that one more strong weekly candle could trigger a major breakout.
Meanwhile, fellow trader Captain Faibik predicted that XRP is nearing the start of its next bullish rally, setting a potential all-time high target of $4.60.
$XRP is on the Verge of Next Bullish Rally 📈
Next Stop : 4.60$#Crypto #XRP #XRPUSDT #Ripple pic.twitter.com/QTxpUSEQH9
— Captain Faibik 🐺 (@CryptoFaibik) July 7, 2025
Over the weekend of July 5, the XRP Ledger recorded a significant whale transaction involving nearly 780,000 XRP tokens.
In a post on X, Redbeard called it a “massive $XRP move,” noting that 779,321.94 XRP were transferred from a Coinbase account to a private wallet, hinting that “something BIG is brewing.”
🚨 MASSIVE $XRP MOVE 🚨
💸 779,321 XRP just transferred from Coinbase to a private wallet!
Something BIG is brewing! 👀
Follow @Roundtable321 thank me later 👊🏻 pic.twitter.com/9q5ueuimAk
— Captain Redbeard 🧔♂️ (@Brett_Crypto_X) July 6, 2025
According to the shared transaction details, the transfer occurred and was processed on ledger number 97,276,970. The XRP was sent to the wallet address rLuvSFAfgVja7ZgEtoq1SwSt1xNGaztLZ, with a minimal transaction fee of 0.00002 XRP.
The XRP community members reacted to this development with different views. X Finance Bull, a popular name within the crypto community noted: “That’s not retail. Someone’s gearing up for something major.”
The odds of an XRP ETF approval have increased significantly in recent months, especially following Ripple’s lawsuit settlement last month.
Market analysts predict the approval could come by the end of the year, potentially alongside several other crypto ETFs greenlit by the SEC.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.