According to U.Today, XRP's monthly Bollinger Bands are currently the tightest they have ever been, even tighter than before the significant 60,000% rally that ended in 2018. Bollinger Bands are a popular momentum indicator that adjusts to market volatility. A shrinking gap between the upper and lower bands suggests that XRP is experiencing relatively low volatility. Historically, periods of extremely low volatility are often followed by a squeeze, leading to significant price movements. XRP bulls are hopeful that this rare level of low volatility could signal a substantial price increase.

As reported by U.Today, John Bollinger, the creator of the Bollinger Bands, noted last August that Bitcoin was on the verge of a squeeze. Since then, Bitcoin has rallied approximately 187%, peaking in March. According to CoinGecko data, XRP is currently trading at $0.5988, making it the sixth-largest cryptocurrency by market capitalization. XRP is down 1.5%, aligning with the broader market trend, as Bitcoin has also decreased by more than 4%.

XRP could see increased volatility due to new developments in the ongoing SEC v. Ripple case. Ripple CEO Brad Garlinghouse recently refrained from sharing details about settlement talks but mentioned that a resolution was imminent. XRP remains down 82% from its all-time high achieved in 2018, making it one of the worst-performing cryptocurrencies.