XRP, the native token of the Ripple network, may be preparing for a significant bullish move, according to crypto analyst Ali Martinez. In a recent video analysis, Martinez stated that XRP has formed an inverse head and shoulders pattern, a historically bullish technical structure, and is on the verge of a breakout that could lead to a 12% increase.

“XRP is about to break out and most traders will miss it,” Martinez said, noting that the asset's price action over the past month shows a shift in momentum. However, for the bullish argument to materialize, XRP must first overcome a key resistance level at $2.33.

Martinez emphasizes that the price levels of $2.33 and $2.38 remain key milestones. A successful close above these levels could trigger a move towards $2.60, a price range that XRP has not seen since early May.

XRP has been confined to a range between $2.15 and $2.30 for nearly two months, leaving both buyers and sellers frustrated as they await decisive price action. The recent lack of volatility has led traders to focus more on technical indicators in search of signals.

Bollinger Bands Indicate Imminent Volatility

Another respected analyst, Steph Is Crypto, recently noted that XRP's Bollinger Bands are narrowing, a sign that a significant price move may be imminent. Historically, when these bands tighten to the extent currently observed, volatility tends to follow.

Steph pointed out that the last time XRP experienced a similar tightening in the Bollinger Bands was in November of last year. At that time, the asset surged by about 600%, rising from $0.50 to nearly $3.40 in just a few months.

Wider Market Context and Future Prospects

Despite XRP's stagnation in recent weeks, market analysts' sentiment remains positive. XRP continues to attract the attention of investors due to Ripple's expanding international reach and its efforts to integrate payment technology with financial institutions.

For both traders and long-term holders, the $2.33 level remains the main battleground. If XRP can successfully break out and maintain upward momentum, technical indicators suggest a move up to $2.60 is within reach and could go even higher if broader market conditions become favorable.

In the meantime, analysts warn that missing the breakout could come at a high cost, especially as market volatility returns and investor interest surges across the entire digital asset space.