XRP is back in the spotlight, and this time, technical traders are leading the trend. A classic double bottom pattern is forming on the 4-hour chart – a signal widely recognized as a bullish trend. XRP has bounced twice from the support threshold and is now approaching the important neckline of $3.00. If buying momentum continues, many believe this could open up an opportunity for a short-term rally targeting $3.15 and possibly even $3.31.
XRP's Double Bottom Attracts Short-Term Optimism
The technical structure discovered by EGRAG CRYPTO is very convincing. With a bottom level near $2.81 and $2.91 along with a neckline forming at $3, XRP's double bottom is a typical reversal signal. Traders are closely monitoring volume and market confirmation – if the price convincingly breaks the neckline, XRP could quickly test resistance levels at $3.15 and $3.31.
However, there is still an underlying feeling that XRP – while strong – is not built to create explosive price increases of 50x or 100x as often seen in newer assets. Legal victories and capital flows from institutions may drive the price over time, but its maturity and scale naturally limit short-term price potential. This drives many towards altcoins with faster growth rates, in the early stages.