XRP has surged past a significant resistance level, raising expectations for a potential rally towards the $4 mark. This move follows the completion of a textbook double bottom pattern on the three-day chart.
Double Bottom Pattern Confirmation
The double bottom pattern began developing in April 2025 when the asset touched a low near $1.65. It then dipped again to $1.9 in early June, completing the reversal setup. Analyst Steph Is Crypto noted the pattern's high accuracy as key levels remained stable at the bottom.
Preparing for a Rally Above $2.6
Following the second low, XRP entered a steady recovery phase. By the end of June, it tested the resistance level at $2.6. Recent strong three-day candles have broken above this level, marking the first such breakout since the current trend began, pushing XRP to $2.79.
XRP's Prospects and Community Reaction
Analysts are now anticipating a retest at $2.6 to confirm the breakout and signal a potential long-term upward trend. The XRP community has responded positively, viewing this price movement as indicative of bullish expectations. If this resistance holds, a rally towards $4 could be on the horizon.
The breakout above $2.6 and the identified double bottom pattern foster positive market sentiment for XRP. Confirmation of support at this level may lead to further price increases.
