XRP has surged past significant resistance, raising expectations for a potential bullish move towards the $4 mark. This move comes after completing the double bottom pattern that has formed on the three-day chart for months.

Theo Steph Is Crypto, a reputable analyst in the XRP community, this structure began to develop in April 2025. This asset hit a low near $1.65 in mid-April before briefly recovering. It then dropped to $1.90 in early June, creating a second bottom that completed the reversal setup.

After the second bottom, XRP entered a period of steady recovery. By the end of June, the price tested the neckline at $2.60. The price was unable to break through the resistance level until recently, when a strong three-day candle broke out from the resistance zone.

This is the first time the price has surged to close above the $2.60 mark since the trend began to take shape. This bullish run has seen XRP rise to $2.79, further solidifying the bullish stance and focusing on higher levels.

The Breakout Creates New Momentum as Prices Aim for New Highs

The double bottom pattern suggests the possibility of the price rising in the range of $3.40 to $4. This forecast is based on measuring movement, calculating the distance from the bottom of the pattern at $1.75 to the neckline at $2.60, and applying this distance above the breakout level.

Steph Is Crypto also emphasizes the accuracy of the pattern. The critical zones at the bottom and neckline have been tested multiple times. This continuity reinforces the reliability of the breakout.

Analysts are now eagerly awaiting a retest at $2.60, considering the developments on the three-day chart. As long as XRP trades above this level, the likelihood of a breakout will be confirmed, and there is a high chance of a long-term bullish trend.

The XRP community is responding positively as the price volatility of this token reflects previous bullish expectations. An analyst previously wrote that if the price stays above $2.60, it will rise to $3 or higher, and indeed, it seems there is real-time volatility.

XRP surpassing the $2.60 neckline signals a strong bullish reversal and could open the door towards the $4 mark. As long as the previous resistance level is maintained, the market momentum could continue to rise.