XRP is approaching a decision point on the monthly and daily charts, with renowned crypto analysts The Great Mattsby (Matt Hughes) and Charting Guy (@ChartingGuy) framing the current structure as a volatility compression setup that could resolve more if key high timeframe supports continue to hold.
XRP price poised for ‘explosive move’
Mattsby core claim is that XRP has defended its long-term trend support and is now preparing to expand. “XRP bounced perfectly off the 20-month MA as the upper and lower bands continue to narrow—preparing for its next explosive move up,” he wrote, adding, “It’s crazy how many people are bearish right at major support on the high time frame.”
The monthly chart shows XRP trading around $2.08629, which is above the Bollinger Band near 1.89623, with the upper band marked at $3.57705 and the lower band at $0.21541. The visual conclusion is a squeeze: the band’s envelope has tightened significantly compared to previous periods, a condition Mattsby associates with “explosive” directional tracking when resolved.
Related reading: Jake Claver doubles XRP target of $100 after 2025 miss
Another important entry on that board is the 20-month moving average, which Mattsby highlights as a pivot. His October frame relies on a historical rhyme: “XRP is repeating what it did in 2017. It consolidated sideways for months until it touched the 20-month MA. After that, it bounced to complete the cycle.” In his view, the touch-and-hold dynamic already exists in this cycle, even if it “takes a little longer.”
With the liquidation event on October 10, XRP broke the 20-month moving average and has since consolidated above it. If that reading holds, the most explicit reference to the upside on the chart is the monthly upper Bollinger band around $3.57705, a level that would represent a return to the top of the current volatility envelope rather than an open projection.
Wyckoff-style re-accumulation is $8
Charting Guy’s daily chart overlays a Wyckoff-style roadmap and marks the streak as a re-accumulation moving into a tick.
The yellow projection assumes that XRP is still working through upper supply, with the ~$2.08 area (marked by the blue horizontal line and aligned with the current print) acting as an immediate gatekeeper. Within that framework, $2.08 is not yet a comfort zone support level; this is the level that XRP needs to decisively recover and then stay above on retests for the bullish streak to continue to confirm.
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Another restriction on the chart is the descending channel, the “stream” structure that defined the current downtrend. Charting Guy expects XRP to recover towards the upper resistance line, followed by a controlled pullback called a “test”, where price checks if the demand is real and sellers can still force acceptance back into the old range.
If that test holds (another short-term dip below $2.08 is in order), the roadmap looks for an “LPS” (last support point): a higher low that signals supply is being absorbed. Only then does the yellow track call for a “JATC” (jump across the creek), a clean breakout through the channel, followed by an “SOS” (sign of strength) into the next big horizontal ceiling around ~$3.40. From there, the scheme expects another break and “LPS” below that ~$3.40 zone, before the final leg of the tick accelerates into the ~$8 area.
In short, the bullish outcome of the chart is conditioned by successive level changes: first $2.08, then the channel, then ~$3.40 and finally $8. So far, XRP is “perfectly following” the path, according to an analyst recorded via X.
At press time, XRP was trading at $2.13.
Featured image created with DALL.E, chart from TradingView.com
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