XRP confirms a breakout from a double bottom pattern after reclaiming the $2.62 neckline as new support.
Price climbed 7.2% to $2.81, with immediate resistance now identified at the $2.91 level on the 3D chart.
Against BTC, XRP gained 7.1% in 24 hours, reaching 0.00002383 BTC, aligning with the upward momentum seen in USDT pairs.
XRP has broken above a key resistance level, confirming a double bottom structure on the 3-day Heikin Ashi chart. The current price sits at $2.81 after posting a 7.2% gain in the last 24 hours. The chart shows two clear troughs around the $2.00 level, with a neckline at approximately $2.62 now acting as support.
The breakout move took place after several weeks of consolidation, followed by a decisive push through the neckline. Volume behavior during this period appears to support the momentum shift, with the price quickly approaching resistance at $2.91. This movement has changed the short-term price structure significantly.
Breakout Above $2.62 Validates Reversal Pattern
XRP broke through the $2.62 neckline that defined the double bottom formation. The breakout marked the end of a prolonged downward phase. Notably, this neckline now serves as a horizontal support zone. The breakout candle was followed by strong upward continuation, with minimal pullback.
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The pattern on the chart closely aligns with the classic double bottom breakout format. The previous downtrend that led to this setup extended from late Q1 into mid-year. The reversal gained confirmation once the price held above the neckline for consecutive sessions.
XRP Key Levels To Monitor
The price currently trades between key levels, with support seen at $2.62 and resistance marked at $2.91. These levels define the immediate trading range. A retest of the $2.62 area is now expected to validate the breakout structure. As of the latest reading, XRP is priced just below the resistance line. This level has historically shown friction during upward attempts. Any decisive move above it may re-establish a higher range in future sessions. However, the price remains below this resistance for now.
BTC Pair Movement and Chart Structure
In terms of BTC pairing, XRP has gained 7.1% to 0.00002383 BTC in the past 24 hours. The pattern structure in BTC terms reflects a similar shift as seen in USDT. This adds further technical consistency to the move.
The bullish chart formation on the 3-day time frame suggests structure now favors higher levels, at least in the short term. The price remains above the neckline, maintaining the structure created by the double bottom.
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