Expert Spots XRP Double Bottom, Sets New Price Target

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A familiar pattern is reappearing on XRP’s daily chart, and one prominent voice believes it matters.

What the Chart Shows

The chart shows XRP’s price movements from March, showing two rounding bottom patterns labeled as a double bottom. The first developed from April into July and was followed by a vertical green projection box showing a move of roughly 91.88% from the breakout level.

This surge saw XRP hit an all-time high of $3.65. After this, the asset succumbed to bearish market pressure and entered a corrective phase. This phase began in early August and has formed the second part of this double bottom pattern. Steph suggests that a breakout is imminent.

XRP’s Next Target

In classical technical analysis, a double bottom suggests reversal when price prints two comparable lows separated by a recovery, then clears the midpoint high with strengthening momentum. Steph’s chart treats July’s breakout as the template and applies the same measured-move logic to the present structure.

Applying the 91.88% surge to the current market, Steph expects the asset to hit a target of $5.3543. The repeating pattern and Steph’s sound technical analysis reinforce this bullish expectation, and the chart suggests this rally is just around the corner.

XRP is currently trading at $3.02, and would need to climb approximately 77% to hit this target. The 91.88% label describes the magnitude of the prior leg and the modeled leg anchored to the new base, suggesting the asset has already begun this climb.

Key Takeaways for XRP

The chart offers a clear path to a new all-time high for XRP. Confirmation would require a decisive push above the previous high with broad participation from bulls, while failure would involve a loss of the recent lows that define the formation.

Other analysts have identified the previous high of $3.65 as a crucial level that the digital asset must overcome before heading for double-digit prices. Steph’s prediction could be the first phase of that journey, with $5 serving as a potential jump-off toward much higher prices.

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