Analyst flags $2.07 as crucial support for XRP’s bullish setup toward the $3.00 target.
XRP’s RSI has declined from 68 to 41 since May 12, indicating growing bearish momentum.
Analyst targets $3.00 for XRP as a double bottom setup emerges on the 3-day chart.
Traders are closely monitoring XRP’s price since new technical signs point to a possible trend reversal. The analysis done by EGRAG CRYPTO shows that XRP is almost ready for a key shift since it might be forming a ‘double bottom’ pattern on the 3-day chart.
The double bottom pattern—a structure commonly associated with bullish reversals—requires that XRP maintain support above $2.07. This level, marked with multiple tests on the 3-day chart, has so far held as a defensive zone. EGRAG CRYPTO identifies $2.50, $2.65, and $3.00 as key price targets if the breakout occurs. A confirmed close above $2.30, where the neckline and the 21-period EMA align, might trigger a move toward $3.00.
#XRP – A Close Above $2.3 Shields the Double Bottom Pattern 
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A strong close above $2.30 on the 3-day timeframe and above the 21 EMA will confirm that the Double Bottom is in play for #XRP, opening the door …
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