The weekly XRP/USD price was stalling at $1.3110 amid extreme Bollinger Band compression, below resistance between $1.37 and $1.40. The 20-week simple moving average at $1.2514 was supporting the market, the upper band stood at $1.5997, and Polymarket assigned only a 10% chance of a move above $2 during the month. According to the article, this setup mirrors the 2022-2024 accumulation phase, while Ripple’s scheduled escrow releases point to prolonged consolidation through 2028. Each month, Ripple unlocks one billion XRP, with roughly 80% relocked and 200 million to 300 million tokens sold to institutions through over-the-counter transactions. Four catalysts could nevertheless end the wait: an over-the-counter shortage, Federal Reserve rate cuts, the deployment of DeFi lending pools through the XLS-66 amendment and large-scale bank adoption of the RLUSD stablecoin.
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