XRP Contemplates Double Bottom Formation as Galaxy Digital Bets Big with $34M Move
Main Idea
XRP is showing a bullish double bottom pattern with key support at $2.80, while Galaxy Digital has significantly increased its XRP holdings to $34.4 million.
Key Points
1. Analyst EGRAG CRYPTO identifies a bullish double bottom pattern for XRP, with critical support at $2.80 and a neckline above $3.00.
2. XRP's price could rally to $3.15–$3.31 if it breaks above $3.00, supported by technical analysis and broader market optimism.
3. Galaxy Digital's Q2 2025 SEC filing reveals it now holds 15.39 million XRP worth $34.4 million, a significant increase from zero holdings six months prior.
4. Galaxy Digital also increased its Bitcoin holdings to 17,102 BTC (valued at $1.8–$1.95 billion) while reducing Ethereum holdings from 155,000 ETH.
5. XRP's trading volume has tripled as the price retests the $3.00 resistance level.
Description
XRP Sets Sights on Bullish Double Bottom Pattern XRP’s technical setup has caught the eye of renowned market analyst EGRAG CRYPTO, who highlights the cryptocurrency’s potential to form a classic double bottom if it retests the $2.80 zone, an occurrence that could mark one of the most bullish patterns in crypto this year. According to EGRAG’s chart-based analysis, XRP recently established two distinct support levels at approximately $2.81 and $2.91, with a critical “neckline” setting just above $...
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