Analyst Says XRP Double Bottom Breakout Is Coming

Key Points

1. XRP has formed a textbook double bottom reversal pattern on the 3-day chart, with the first bottom at approximately $1.65 in mid-April 2025 and the second near $1.9 in early June.

2. The neckline resistance is at $2.6, which XRP tested and broke through in late June and early July, suggesting a potential sustained bullish momentum.

3. The analyst predicts that rising above $2.6 could send XRP to $3, and the asset is currently trading at $2.79, indicating further upward potential.

4. The double bottom pattern is well-defined, with minimal deviation in the support zone and a consistent neckline resistance from April to early July.

5. A breakout above the neckline could confirm the double bottom pattern, signaling a significant reversal and potential for higher price levels.