XRP’s Double Bottom Pattern Signals Potential Surge to $2.5
XRP charts flash a classic bullish reversal signal—and the target could send shockwaves through the market.
The Technical Setup
On the daily timeframe, XRP carves out a textbook double bottom formation. The pattern emerges after a sustained downtrend, marking two distinct troughs at roughly the same support level. A confirmed breakout above the neckline resistance completes the structure and projects a measured move.
What the Charts Are Saying
This isn't just lines on a screen. The double bottom represents a fundamental shift in market psychology. Sellers exhaust themselves twice at a key level, bulls step in, and momentum flips. Volume confirmation on the breakout leg separates real momentum from mere noise.
The $2.5 Target
Where does the math lead? The technical projection from this specific pattern points toward the $2.5 zone. That's the calculated distance from the neckline to the bottom, extended upward from the breakout point. It's an ambitious swing, but one grounded in decades of price action analysis—assuming, of course, the pattern holds and the broader market doesn't decide to imitate a meme stock.
Context is Everything
No pattern trades in a vacuum. XRP's fate remains tethered to regulatory clarity and overall crypto sentiment. A clean breakout needs to hold against any macro headwinds. Watch for a daily close above the neckline, then watch it again to make sure it wasn't just another fakeout for the history books.
Charts suggest a path to $2.5. The market, with its delightful habit of humbling overconfidence, will deliver the final verdict.
XRP Double Bottom To Fuel Surge To $2.5
Crypto market analyst Niels has indicated that XRP is showing signs of a potential bullish turnaround, which could trigger a price surge to $2.5. In his X post, he presented a fresh technical analysis, highlighting a Double Bottom formation beginning to take shape on the chart. The chart also shows that the price has reacted strongly twice from the same demand area, reinforcing the Double Bottom setup.
Notably, the Double Bottom is emerging after months of sustained downside pressure, during which the altcoin remained firmly locked in a bearish structure. The decline initially kept its consolidation around $2. However, it recently pushed the token as low as $1.8 before price action stabilized and recovered modestly above $1.9.
In his analysis, Neils also highlighted that momentum indicators are starting to align with a possible trend reversal for the token. According to him, XRP’s Relative Strength Index (RSI) has already bottomed out, suggesting that selling pressure may be exhausted. He also observed that price action is showing encouraging signs, which often precedes a stronger upside MOVE when supported by market momentum.
Niels further explained that the altcoin recently dipped below a key support zone before quickly reclaiming it, forming a fakeout. With momentum improving and support holding, the analyst predicts that it could soon rally toward the $2.3 to $2.5 range over the next few weeks if market conditions remain favorable.
XRP Shows Signs Of Strength Despite Ongoing Downtrend
In a separate analysis, crypto market expert Broke Doomer highlighted that XRP remains in a downward trend but is showing signs of resilience. He noted that support levels continue to hold strong with buyers stepping in at each level, preventing a steeper decline.
Doomer also stated that seller momentum is weakening as the token maintains a strong low, suggesting that any upside shift could happen quickly. Given its growing strength and steady price recovery, the analyst has predicted that the cryptocurrency could first target a reclaim of $2.20 before moving toward $2.60.
His chart also points to a higher target for XRP if it can cross $2.6, forecasting a potential rise back toward $3. If this happens, it WOULD represent a roughly 56% increase from its price of $1.92 at the time of writing.
