Place softened cream cheese, ranch mix and shredded cheddar in a bowl and mix together with an electric mixer until smooth. Place mixture in refrigerator for at least an hour.

While cheese mixture is firming in the refrigerator, place cheese crackers in a large resealable plastic bag and crush with a mallet or rolling pin (or use a food processor). Set aside.

Remove cheese mixture from refrigerator and roll into ball shape. Place ball inside bag with crushed crackers and gently roll around to cover ball with crumbs.

Firmly press pepper stem into the top of ball and serve with crackers.