XRP trapped between $1.30 and $1.59 as record open interest fails to drive breakout

XRP remains locked in a narrow trading range between $1.30 and $1.59, with technical signals pointing to another prolonged period of accumulation. The ongoing contraction of the Bollinger Bands on the weekly chart suggests that the asset is entering a phase of low volatility, historically consistent with four-year market cycles for XRP. Analysis of XRP’s price patterns indicates that September often marks the start of extended periods of sideways trading. Historically, XRP has faced two previous stagnation cycles: from September 2018 to November 2020, and from September 2022 to November 2024.

Source: CoinTurk News