XRP Near $1.40 as Bollinger Squeeze Hits Multi-Year Low

XRP traded around $1.3985 on the weekly chart while Bollinger Band Width Percentile reached its lowest level since late 2024. The weekly price sits above the 0.786 Fibonacci retracement near $1.1729. On the daily chart the BBWP recorded several extreme low readings in recent weeks and the Relative Strength Index is near 40, indicating limited momentum.

On-chain data shows a decline in large transfers and exchange inflows. Data from Santiment indicates transfers above $100,000 have fallen to 117, compared with peaks of about 700–900 in January and early February. Exchange inflows averaged roughly 2.19 million XRP per day, near six-month lows.

Price action on the daily chart has formed a contracting symmetrical triangle. A descending resistance line tracks from a mid-February high near $1.65 toward about $1.45, while an ascending support line rises from an early-February low near $1.20 toward roughly $1.30. The triangle’s apex is expected within days. The Visible Range Volume Profile shows the largest concentration of traded volume between $1.35 and $1.42.

An independent analyst on social media highlighted that the current Bollinger compression on XRP is among the tightest in recent years. Traders are monitoring the descending trendline near $1.45 as a key level for an upward breach and $1.3563 as a key level for a downward break.

Technical thresholds referenced by market participants include a move above the descending trendline near $1.45, which would open a path toward $1.4697 and the weekly 0.618 Fibonacci resistance around $1.7045. A break below $1.3563 would expose support in the $1.1427–$1.1729 area, which aligns with the weekly 0.786 Fibonacci level.

Potential catalysts that market participants identify are spot Bitcoin and Ethereum ETF flows, new developments in Ripple’s legal proceedings, or broader macroeconomic events. Prior episodes with similar declines in whale activity and exchange inflows were followed by periods of higher price volatility.

For now, XRP remains range-bound near $1.40 while volatility measures are compressed across timeframes and on-chain liquidity has declined. Market participants are watching for a sizable directional candle as the triangle apex approaches within days.