📊 XRP Price Prediction: Classic Double Bottom Targets Major Upside

Recent price movements suggest that XRP may be getting ready for another leg up in its bull run, which supports a bullish near-term XRP price forecast.

XRP seems to have found stable ground around the $2.88 level after falling 21% from its mid-July peak. This is a typical reversal signal that implies increased purchasing activity.

But bigger macro circumstances might make things worse. In July, the US Federal Reserve left interest rates the same because of additional tariffs. Recent employment data was worse than anticipated, which added to the market's concern.

The "reciprocal" tariff hiatus that started in April ends today, and 92 nations now have to pay more in taxes. Speculators don't think there will be a rate drop in September, which makes people less willing to take risks.

He points out that $3.30 is a critical resistance level, the neckline of the double bottom, and the essential level for a verified breakout toward its goal. But the market is not sure.

On Binance, the long/short ratio is 2.59, which means that more than 72% of traders are still betting on price gains. This suggests that active derivative traders are getting ready for a continuation.

Ali's double bottom might put XRP back on the way to breaking out of its 9-month falling wedge pattern.

The mid-June market top stopped the post-breakout momentum, but a reversal here might bring attention back to its $4.10 goal, which would be a 40% advance to new all-time highs.

If $2.88 holds, the double bottom will need to break through its neckline at $3.33 to confirm that it can go up to $3.65 and higher.

If $2.88 doesn't hold, however, and macro factors start to affect how investors feel, the price of XRP might drop to deeper support around $2.60.

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