What to Know XRP breaks above its upper Bollinger Band as analyst Ali Martinez identifies a bullish formation resembling August’s previous rally setup. The cryptocurrency trades at $1.28, gai
XRP has broken above its upper Bollinger Band on the four-hour chart, signaling a potential bullish rally following prolonged consolidation. According to CoinMarketCap, XRP is trading at $1.28, reflecting a 2.37% increase over the past 24 hours, as buyers attempt to strengthen upward momentum.
According to crypto analyst Ali Martinez, XRP recorded its tightest Bollinger Band squeeze since August before breaching the upper boundary. The analyst highlighted a similar historical formation that preceded a 71% rally within three days, raising expectations of another substantial price movement.
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Martinez’s four-hour chart shows XRP moving above its upper Bollinger Band after an extended period of reduced volatility and narrow price fluctuations. The cryptocurrency previously traded within a compressed range as declining volatility brought the upper and lower bands closer together.
Significantly, the latest formation resembles an earlier technical setup from August, when XRP experienced a similar squeeze before recording substantial gains. During that period, the cryptocurrency surged approximately 71.63% within three days, climbing from around $1.00 toward $1.70.
XRP IS BREAKING OUT!
After recording its tightest Bollinger Band squeeze since August, $XRP appears to be signaling where it wants to go next.
Price has now breached the upper Bollinger Band, suggesting a bullish breakout could be brewing.
The last time the bands were this… https://t.co/ey7BFTkwfjpic.twitter.com/Gt3ysSiiLu
— Ali Charts (@alicharts) November 3, 2026
The historical rally followed a prolonged consolidation phase before stronger buying pressure pushed XRP beyond its upper Bollinger Band. Similarly, the latest breakout suggests buyers are attempting to establish upward momentum, supported by XRP’s 2.37% daily price increase. A sustained movement above the upper band could strengthen bullish expectations, particularly if expanding trading volume supports the breakout.
XRP’s current price of $1.28 places the cryptocurrency above a critical threshold previously identified by Martinez in an earlier technical assessment. The analyst highlighted $1.27 as an important bullish confirmation level, while identifying $1.23 as a crucial downside threshold.
A sustained four-hour close above $1.27 could strengthen buying momentum and support an advance toward the psychological resistance level at $1.30. Beyond that threshold, XRP could encounter additional resistance around $1.34 to $1.36 before potentially challenging the $1.50 region.
Meanwhile, a decline below $1.27 could weaken the emerging bullish formation and increase the likelihood of another test of $1.23. If XRP replicated its previous 71% rally from $1.28, the cryptocurrency could approach $2.19, although Martinez has not confirmed that target.
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The post Alert: XRP Breaks Key Bollinger Band as Analyst Signals Potential 71% Price Rally appeared first on 36Crypto.
