📈 XRP Price Prediction: Double Bottom Signals Potential Bullish Breakout! 🚀

XRP might be gearing up for its next bullish wave! 🌊📊 Recent price action hints at a classic double bottom — a powerful reversal pattern that often sparks upward momentum.

🔹 After dipping 21% from its mid-July high, XRP appears to have found solid support around $2.88. This zone is acting as a strong base, signaling renewed buyer interest 💸📉

⚠️ However, macro factors could stir volatility:

The U.S. Fed held interest rates steady due to rising tariffs 🇺🇸📉

Job market data missed expectations, spooking investors 📉📊

The “reciprocal” tariff pause ends today, affecting 92 countries with higher taxes 🧾💼

No rate cuts expected in September — dampening risk appetite 😕

🔍 Key Level to Watch:

🟨 $3.30 — this is the neckline of the double bottom and a major resistance point. A breakout here could validate the bullish setup 🔓📈

📊 On Binance, the long/short ratio sits at 2.59 — with 72% of traders betting long. This shows strong bullish sentiment among derivatives traders 🔮💪

📉 XRP has been stuck in a 9-month falling wedge, but this double bottom pattern could be the catalyst for escape! 🪜

🎯 Upside Targets if Momentum Builds:

✅ $3.33 — neckline breakout level

🎯 $3.65 — first major target

🚀 $4.10 — potential new all-time high (a 40% move from here!)

🛡️ But caution is key:

If $2.88 fails to hold, XRP could revisit deeper support around $2.60 😬