- XRP’s double-bottom pattern suggests potential surge toward $5 all-time high.
- Breaking the $3 resistance could trigger XRP’s massive price rally.
- XRP’s RSI and Bollinger Bands signal room for upward momentum.
XRP is creating a buzz in the crypto market, as technical analysis from expert Steph Is Crypto indicates that the digital asset could be on the brink of a significant price surge. The analyst highlights a double-bottom pattern forming on XRP’s chart, signaling the possibility of an explosive rally that could push the price to $5, a new all-time high.
This pattern is similar to the one that propelled XRP to a massive 91.88% gain earlier this year.
XRP’s Double Bottom Pattern Could Spark a Major Rally
The double-bottom pattern is unfolding in two phases. The first phase began in April 2025, when XRP hit its lowest point of the year. After a consolidation period, the second dip occurred in late June, followed by a dramatic breakout. In July, XRP shot up to an all-time high of $3.65, a tremendous increase of 91.88%. The chart now indicates the same setup, raising hopes of another major rally.
Also Read: XRP on the Brink: Will Critical Support Hold or Trigger Massive Downturn?
The first component of the double-bottom formation was reached in early August when XRP dropped to the support level of below the $3 mark. With a brief recovery, the XRP fell once more beneath the position of $3, finishing the second stage of the formation.
Should history repeat itself, XRP may be preparing another spurt, and with a calculated price of $5.35, that would be above its present all-time high. The breakout will, however, require it to break out of the neckline resistance, just above $3, to affirm the bullish trend.
Key Resistance Level: Breaking $3 Could Trigger Explosive Growth for XRP
For this bullish scenario to unfold, XRP must break through the $3 resistance level. A sustained move above this crucial neckline would confirm the double-bottom pattern, likely triggering a powerful rally toward the $5.35 target.
As XRP stabilizes around $3, traders are closely watching for a breakout that could send the digital asset soaring.
Current Market Conditions and Price Indicators for XRP
At the time of writing, XRP is trading at $2.86974, having experienced a 10.34% price drop. The present market position of the asset is neutral, and the price is held in the middle of the Bollinger Bands.
Source: Tradingview
The Relative Strength Index (RSI) is 62.60, which means that XRP is not overbought or oversold, giving it the opportunity to continue moving upwards. The traders are keeping an eye on the most important support of $2.86974 and resistance of $3.83949.
A breakout above the resistance level could be the catalyst for a major rally, potentially driving XRP toward the $5 target.
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