Renowned crypto analyst The Great Mattsby has spotlighted a significant technical development in XRP’s long-term chart: a re-expansion of the monthly Bollinger Bands. This rare and potentially explosive signal last occurred ahead of XRP’s historic 2017 bull run.
Technical Analysis: Return to Historical Volatility
Bollinger Bands are a popular volatility indicator. When they expand on higher timeframes, particularly the monthly chart, it typically signals the beginning of a major price move. The Great Mattsby notes that XRP’s current monthly Bollinger Bands are widening after a long period of contraction, mimicking the same technical posture that preceded the explosive rally in 2017. The Great Mattsby also pointed out that the expansion of Bollinger Bands during that period was followed by XRP skyrocketing by 1300%.
Current Market Position and XRP Price Action
As of report time, XRP is trading at $3.53, continuing to consolidate just below its recent local highs. The price action remains strong, with support being held above key Fibonacci levels and no major breakdowns despite the broader market’s recent pullbacks. Technical analysts see signs of a potential upswing, citing increasing volume and renewed buying pressure as XRP breaks out of its weekly descending trend. The expanding Bollinger Bands also indicate growing volatility, suggesting long-term upside potential.
Underlying Fundamentals: Utility and On-Chain Acceleration
What separates this phase from 2017’s speculative frenzy is the stronger presence of real-world utility. XRP is no longer a token just riding hype; it now powers enterprise-grade transactions across borders through RippleNet and the XRP Ledger. Furthermore, XRPL-based smart contracts and tokenization of assets have surged, drawing a growing number of developers and financial institutions to the ecosystem. On-chain metrics support the bullish case. Wallet creation, daily transaction count, and ledger activity are all hitting multi-year highs. Meanwhile, interest in XRP’s institutional use is growing steadily, especially as global payment systems continue to explore alternatives to SWIFT.
The Great Mattsby’s $45 target is not mere speculation; it is a projection grounded in technical analysis and historical symmetry. While no two cycles are identical, the alignment of Bollinger Band behavior, market structure, and institutional momentum provides a compelling thesis for a large-scale move. Caution is still warranted, as market dynamics have evolved and broader macro conditions remain volatile.
