XRP (XRP) traded at $1.28, up 2.37% over 24 hours as of 16:02 UTC Nov. 3; analyst Ali Martinez’s bullish threshold depends on a four-hour close above $1.27.
In a post Monday, Nov. 2, Martinez said XRP’s four-hour Bollinger Bands had contracted to their narrowest level since August. He compared that compression with an earlier squeeze that preceded a 71% rise over three days. The earlier movement serves as a historical comparison, not a price target for the current setup. Martinez wrote that “a squeeze doesn’t predict direction,” limiting the signal he drew from the bands alone.
Martinez set two conditions tied to a completed four-hour candle: a close above $1.27 would be bullish, while one below $1.23 would be bearish. He labeled the area between $1.23 and $1.27 a “no-trade zone.” The $1.28 spot quote is above the upper level, but the value by itself does not establish that a four-hour candle closed there. A momentary price and a candle close are different readings, so the threshold he specified turns on the latter.
Bollinger Bands tighten as the space around a moving average narrows, reflecting compression in the chart. That pattern describes a change in price range, while Martinez’s post does not treat it as evidence of whether XRP will move higher or lower. His historical example records what happened after an earlier squeeze; it does not make the same result a forecast.
Santiment reported 7,934 new XRP wallets on Sunday, Nov. 1, its sixth-highest daily total of 2026. The count tracks wallet creation and does not establish that each wallet represents a new buyer. It is a separate activity measure from Martinez’s close-based price conditions and does not confirm whether XRP crossed either trigger.
