XRP to $45? Analyst Spots Re-expansion of Monthly Bollinger Bands

Renowned crypto analyst The Great Mattsby has spotlighted a powerful technical development in XRP’s long-term chart: a re-expansion of the monthly Bollinger Bands. This rare and potentially explosive signal that last occurred ahead of XRP’s historic 2017 bull run

According to Mattsby, this same setup preceded a 1,300% surge. He now believes history could rhyme once more, this time with a possible price target of $45 per XRP. This fresh outlook comes amid rising optimism within the XRP community and increasing signs that the asset could be preparing for another parabolic move.

Technical Setup: A Return to Historic Volatility

Bollinger Bands are a popular volatility indicator, and 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.

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Back then, the band expansion was followed by XRP skyrocketing from fractions of a cent to over $3, marking one of the largest single-cycle rallies in the crypto market. The similarity in today’s setup has prompted Mattsby to warn that investors may be underestimating the scale of what’s unfolding

Based on historical performance and proportional extrapolation, his target of $45 represents a roughly 1,300% gain from current levels, precisely the move seen during the last comparable expansion phase.

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, a space Ripple is aggressively pursuing.

Can History Repeat?

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. However, with Bollinger Bands flashing the same signal that once ignited a 1,300% rally, the possibility of another explosive run is more than plausible; it’s technically underway.

XRP may not just be revisiting its past. It could be on the verge of rewriting it.

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