I recently noticed that XRP is showing some interesting signals on the daily chart. The current price is around $1.38 and has decreased by 2.5% in the past 24 hours, mainly due to the overall market decline as people await US CPI data. Analyst Ali Martinez just made a comment about XRP's Bollinger Bands — these bands are tightening, which often happens before a major price move.

The beauty of Bollinger Bands is that they help us see when the market is about to move. When the bands narrow like that, it means volatility has dropped very low and is about to explode in one direction or another. According to Ali Martinez, XRP is currently in this position — like a spring being compressed, just waiting to release. Coupled with the unstable macro environment, the perfect conditions for a breakout have formed.

I notice that the resistance level near $1.42 and support at $1.35 will be key points. If XRP breaks through $1.42 strongly, Ali Martinez suggests it could move toward $1.67. Conversely, if it cannot hold $1.35, the price could be pushed down to the $1.30–$1.32 range. Now, it's just waiting to see which direction the market will go, especially with many macro uncertainties still present.