Take the large loaf of bread and carefully carve out the center, creating a bowl large enough to hold your dip. Make sure to leave enough bread on the sides to keep the bowl sturdy.
In a medium bowl mix together the cream cheese, sharp cheddar cheese, and ranch dressing mix until evenly combined.
Add in the red peppers and jalapeños and stir to evenly combine.
Place the prepared dip into the prepared football bread bowl and add red pepper strips on top to mimic football laces.
