XRP price has settled near $1.25 after a sharp decline in late October. The altcoin’s four-hour Bollinger Bands have narrowed to their tightest reading since August, when a similar squeeze came before a 71% rally in three days. Crypto analyst Ali Martinez has identified $1.27 and $1.23 as the key prices to watch.
XRP Price Volatility Falls After October Selloff
XRP traded above $1.35 in late October before sellers drove the price toward $1.20. The decline gave way to several days of small price changes near $1.25. Recent four-hour candles have stayed close together, with fewer large swings than those recorded during the selloff.
The quieter trading has pulled the Bollinger Bands closer together. The indicator places upper and lower bands around a moving average to track price volatility. Wider bands accompany larger price swings, while narrower bands reflect smaller movements. Martinez said the latest contraction matches levels last recorded in August.
The bands have continued to narrow as XRP crypto trades around their central line. The lower band widened during the October decline before moving upward again. Meanwhile, the upper band has moved lower. Both changes have reduced the distance between the bands as November begins.
XRP Crypto Bollinger Band Squeeze Led to a 71% Rally
XRP gained about 71% over three days after the previous period of unusually tight Bollinger Bands in August. His latest analysis compares that earlier setup with the current four-hour reading. The comparison focuses on the reduction in volatility before the price movement.
However, the August rally does not establish a target for the current market. Tight bands can precede a rapid increase or another decline. XRP price has also entered this squeeze after losing ground in late October. The next move will depend on whether buyers push the token above resistance or sellers break the nearby support level.
XRP Price Faces $1.27 Resistance
Martinez placed the upper boundary at $1.27. XRP price would need to finish a four-hour candle above that level to meet his bullish condition. A brief move through $1.27 during the session would not satisfy the requirement. At a price of $1.25, the threshold stands about 1.6% higher.
XRP crypto confirmed break would bring $1.30 into focus. XRP traded around that price before the October decline, making the area a nearby resistance level. The $1.34 region sits further above. Both levels could become relevant if buyers maintain momentum after a breakout. Until XRP closes above $1.27, the market has not produced the upside signal.
XRP Network Growth Rises as This Support Remains Critical
The opposite price test sits at $1.23, roughly 1.6% below the recent $1.25 price. A four-hour close under that level would meet Martinez’s bearish condition and shift attention toward $1.20.
XRP crypto briefly traded near that region during the latest decline. A breakdown would therefore bring an earlier low back into focus.
Additionally, network activity has increased while XRP price has remained under pressure. Santiment recorded 7,934 newly created XRP Ledger wallets on November 1, the sixth-largest daily increase of 2026.
XRP network growth chart later showed a reading of about 4,100. The increase followed the reported Binance hack, although the figures do not establish a direct connection between the two events.
New wallet addresses do not necessarily represent new users. One person can create several wallets, and higher wallet creation does not confirm additional XRP purchases.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
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