XRP is trading between $1.30 and $1.59 as tightening Bollinger Bands point to another accumulation phase. U.Today says the pattern matches two earlier multi-year stalls that began in September. Open interest stays high while momentum is absent.
XRP is stuck between $1.30 and $1.59, and U.Today reads the setup as the start of a repeat of its four-year cycle. The extreme contraction of the weekly Bollinger Bands suggests the asset is entering another major accumulation phase.
Two earlier stalls began in September
According to U.Today, September traditionally marks the start of an extended sideways stretch for XRP. The coin already went through two nearly identical two-year phases of stagnation: September 2018 to November 2020, and September 2022 to November 2024.
The October 2026 chart suggests history is repeating for a third time. U.Today argues that market mechanics stay the same while the news environment changes, which turns the current range into a trap for leveraged positions.
Open interest near record highs, no direction
The consolidation carries an unusual amount of capital. According to Coinglass, XRP's open interest remains near record highs at around $3.1 billion. In earlier cycles, capital largely left the asset during stagnation.
Yet this mass of positions has not moved the price. The Relative Strength Index sits at 44, which U.Today reads as a complete lack of directional momentum.
Both sides get squeezed
The tightening Bollinger Bands are wiping out traders' deposits on both sides of the market, according to U.Today. When bears push below the support zone of $1.30–$1.34, buyers respond immediately and short positions are liquidated.
Bulls face the opposite problem. Attempts to build momentum above $1.50 run into dense blocks of opposing limit orders. Until a major catalyst breaks the range, U.Today expects XRP to stay a hunting ground for stop-loss orders.
Source: U.Today
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