Analyst Says XRP Double Bottom Breakout Is Coming

XRP has formed a textbook double bottom reversal pattern on the 3-day chart, with price action now breaking above a significant resistance level.

The pattern was shared on X by Steph Is Crypto (@Steph_iscrypto), a well-respected analyst in the XRP community, and it illustrates a shift in momentum following months of consolidation and a prolonged downtrend.

The first bottom in this structure formed in mid-April 2025 when XRP dropped to approximately $1.65. After rebounding and failing to breach resistance around $2.6, the price retraced, reaching a second bottom near $1.9 in early June. This double dip established a firm support level and laid the groundwork for the current reversal setup.

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Following the second bottom, XRP began a strong ascent through late June and early July, eventually testing the neckline resistance at roughly $2.6. As shown in the chart, the most recent candle has now closed above this level, indicating a potential breakout.

The move above this critical zone marks the first clear break of the neckline since the pattern began forming in March and may signal the beginning of a larger upward trend.

Structure and Targets

The double bottom structure shared by Steph is well-defined. The asset tested a narrow support zone twice with minimal deviation, while the neckline at $2.6 remained a consistent ceiling throughout April to early July. With the breakout above that level now in place, the technical projection for this pattern points toward upside targets in the $3.4–$4 range, potentially hitting a new all-time high.

These targets are derived by measuring the vertical distance from the base ($1.75) to the neckline ($2.6) and applying it above the breakout level. This method aligns with standard technical practice and is often used to estimate the potential scale of a reversal.

Significance of the 3-Day Breakout

The use of the 3-day timeframe adds to the significance of the pattern. Breakouts on higher timeframes are generally seen as more reliable than those on shorter intervals, as they reflect broader market positioning and reduced noise. In this case, the close above $2.6 suggests the potential for sustained bullish momentum, provided the level holds on a retest.

A prominent analyst recently predicted that rising above $2.6 would send XRP to $3. The asset is currently trading at $2.79, well above this resistance, and on its way to much higher levels. If XRP remains above this former resistance, the double bottom can be considered confirmed.

Disclaimer*: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.*