XRP’s Price Says ‘Ha Ha’ to Bears as a Tight 10-Month Squeeze Points Toward a $2 Price Target
XRP (XRP-USD) is currently trapping the bears in a “ha ha” moment as a tight 10-month squeeze trend points toward a $2 price target following a weekend of strong gains. The digital asset reached a price of $1.50 after jumping 9% over the last two days. Crypto analysts are now highlighting several key patterns that suggest the coin is ready to move much higher very soon.
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Bollinger Bands Indicate a Potential Price Squeeze
A technical tool, called Bollinger Bands, that measures how much XRP’s price moves has reached its tightest point in nearly a year. These Bollinger Bands act like a spring that is being pushed down as far as it can go. When the lines get this close together, the XRP’s price usually explodes in one direction shortly after.
This specific situation has previously led to a 90% jump in XRP’s price in July 2025. Experts believe the current tightness is a sign that a very forceful move is about to happen.
Negative Funding Rates Signal a Reversal for XRP’s Price
The cost for traders to hold their bets against XRP has stayed very low for three months. This happens even though the value of the coin has actually grown by 27% during that same period.
When most traders are betting that XRP’s price will fall but the price stays strong, it often triggers a bullish reversal. A similar event in 2025 caused a massive 126% rally when those traders were forced to buy back their coins to avoid losses.
XRP’s Technical Charts Suggest a Full-Scale Breakout
The coin recently moved above a specific symmetrical triangle shape that has been forming on the charts since February. This kind of move usually signals that a long period of flat trading is over and a new upward trend is starting.
If XRP’s price can stay above the $1.40 mark, it has a clear path to reach $2.05. This move would be a 41% gain from where the coin sits today. XRP’s buying momentum is also picking up speed, which provides the fuel needed for this potential rally.
At the time of writing, XRP’s price is sitting at $1.4625.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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