XRP has formed a double bottom reversal pattern on the 3-day chart, with price action currently surpassing significant resistance. This pattern was shared on X by Steph Is Crypto (@Steph_iscrypto), a respected analyst in the XRP community, and it illustrates a shift in momentum after months of consolidation and prolonged downtrend.
The first bottom in this structure formed in mid-April 2025 when XRP dropped to around $1.65. After recovering and failing to surpass the resistance around $2.6, the price adjusted and hit the second bottom near $1.9 in early June. This double decline established a solid support level and laid the groundwork for the current reversal.
After the second bottom, XRP began to rally strongly at the end of June and early July, ultimately testing the neckline resistance at around $2.6. As shown on the chart, the most recent candle has now closed above this level, indicating a potential breakout.
Moving above this critical area marks the first clear breakout of the neckline since the pattern began forming in March and may signal the start of a larger upward trend.
Structure And Targets
The double bottom structure shared by Steph is clearly defined. The asset has tested the narrow support zone twice with minimal deviation, while the neckline at $2.6 has maintained a stable ceiling throughout April to early July. With a breakthrough above this level, the technical forecast for this pattern targets a price increase in the range of $3.4–4, potentially reaching a new all-time high.
These targets are determined by measuring the vertical distance from the bottom ($1.75) to the neckline ($2.6) and applying it at the breakout level. This method aligns with standard technical practice and is commonly used to estimate the potential scale of a reversal.
Significance Of The 3-Day Breakout
Using a 3-day timeframe further enhances the significance of the pattern. Breakouts on longer timeframes are often considered more reliable than shorter ones, as they reflect broader market positioning and are less noisy. In this case, a close above $2.6 indicates the potential to sustain bullish momentum, provided this level is held after a retest.
A well-known analyst recently predicted that a rise above $2.6 would push XRP to $3. The asset is currently trading at $2.79, well above this resistance threshold, and is on track to move to even higher levels. If XRP maintains above this old resistance level, the double bottom pattern could be seen as confirmed.