XRP Price Prediction: Double Bottom Formation Signals Major Upside Potential

XRP appears to be setting up for a bullish breakout, with recent price action hinting at the next leg up in its ongoing rally. After a 21% drop from its mid-July peak, XRP has found support around the $2.88 level — a classic double bottom signal that often indicates renewed buying interest.

However, macro headwinds still linger. In July, the U.S. Federal Reserve held interest rates steady amid escalating tariff tensions. Disappointing jobs data has only fueled market uncertainty. The reciprocal tariff hiatus that began in April expires today, hitting 92 countries with higher taxes — a development that could dampen risk appetite.

With no expected rate cuts in September, traders remain cautious. Still, technicals tell a different story.

The key resistance sits at $3.30, the neckline of the double bottom pattern. A breakout above this level could confirm a move toward $3.65 and eventually challenge the $4.10 target — a potential 40% rally and new all-time high.

On Binance, the long/short ratio is 2.59, with over 72% of traders positioned long — a strong vote of confidence from derivatives markets.

If $2.88 support holds and XRP breaks above $3.33, the bullish thesis strengthens. But if macro pressure escalates and support fails, the next key level to watch is $2.60.

The stage is set. Will XRP defy the macro drag and break free?

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