XRP (XRP) slipped below $1.42 on Tuesday, even as analyst Ali Martinez flagged the tightest 3-day Bollinger Band squeeze in over a year.
XRP Price Breaks Below $1.42 Support
The token dropped under $1.42 and printed a session low at $1.3630, with technical analysis from NewsBTC and corroborating coverage on CryptoPotato noting the slide tracks similar weakness in Bitcoin (BTC) and Ethereum (ETH).
The price now trades below the 100-hourly simple moving average, with a bearish trend line capping any rebound near $1.3950 on the hourly XRP/USD chart.
First major resistance sits at $1.40, followed by $1.4080, then the 50% Fib retracement near $1.4550 of the slide from the $1.5496 swing high to the $1.3630 low.
A close above $1.4080 would open the path back to $1.4350, while continued weakness below $1.350 could drag the pair toward $1.3220 and $1.3120.
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Bollinger Bands Squeeze Signals Breakout
Martinez, who has more than 165,000 followers on X, described the current $1.29 to $1.50 range as a "no-trade zone" and said investors should wait for a 3-day candle close outside it before taking direction.
A close above $1.50 would project toward $1.80, while a decisive drop under $1.29 invalidates the bullish structure and opens the door to $1.00, he said. The current MACD is gaining pace in the bearish zone, and the hourly RSI sits below 50.
Fellow analysts CW, MikybullCrypto and CRYPTOWZRD have joined the chorus calling for a violent expansion soon, citing weak downward pressure and thin selling supply. A separate Bollinger squeeze first appeared on the same chart in early May, when XRP sat near $1.40.
XRP Price Range Holds Since February
The token has been pinned between $1.30 and $1.50 since mid-February, with brief deviations on both sides. XRP briefly touched $1.55 last week before sellers rejected the move, marking the latest in a string of failed breakout attempts since the asset retreated from its July 2025 high of $3.65.
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