XRP surged to $1.48, delivering its best August performance since 2021. The token's climb has been sharp, but technical signals suggest a pause might be coming. Bollinger Bands, a widely used volatility indicator, are now flagging a potential retest of $1.14 as the ultimate entry point.
What the price move tells us
The rally puts XRP in its strongest August position in three years. The surge comes after weeks of steady gains, though the exact drivers are unclear. What's clear is that the token has moved fast, and that speed can sometimes set up a pullback.
How Bollinger Bands work here
Bollinger Bands track price volatility by drawing a middle band and two outer bands based on standard deviation. When a price runs far above the upper band, it often pulls back toward the middle or lower band. For XRP, that lower band sits at $1.14. The indicator doesn't predict the future, but it does highlight when a move is stretched.
What a retest to $1.14 would mean
If XRP falls to $1.14, it would give the market a chance to reset. That level could act as support, letting buyers step in at a lower price. A retest isn't necessarily bad; it can confirm the strength of the prior breakout. But it does mean the current rally might not have legs until the price revisits that zone.
The level to watch
For now, the focus is on $1.14. If XRP dips there and holds, the rally could continue. If it breaks below, the next floor is unclear. Traders will be watching the band's reaction in the days ahead.
