XRP Shows Potential Breakout After Reclaiming $2.62 Neckline Amid Double Bottom Formation

Key Points

1. XRP broke through the $2.62 neckline on the 3-day Heikin Ashi chart, confirming a double bottom reversal pattern with a 7.2% gain.

2. Key price levels for XRP are support at $2.62 and resistance at $2.91, with a breakout above $2.91 potentially signaling further upward momentum.

3. XRP gained 7.1% against Bitcoin, reaching 0.00002383 BTC, reinforcing the bullish outlook across major trading pairs.

4. The $2.62 to $2.91 range offers clear parameters for traders, with a retest of $2.62 providing a potential low-risk buying opportunity.

5. XRP's performance against Bitcoin mirrors the double bottom pattern seen in its USDT pairing, supporting the short-term bullish bias.