- XRP forms a bullish double bottom, holding above $3.10 with $3.60 short-term target in sight.
- Volume surges 47.46% as XRP rebounds from $2.90, signaling strong buyer interest.
- XRP’s rounding bottom projects a potential 52% move to $5.13 if momentum holds.
XRP price is drawing attention as buyers return with strength, pushing prices back above key levels after a sharp drop. Currently the XRP price is trading at $3.03, showing signs of recovery supported by rising volume. With bullish patterns forming, XRP is now aiming for short-term targets near $3.60 and a potential move toward $5.
XRP Price Forms Bullish Patterns as Buying Volume Grows
According to Ali charts post on X, XRP may be forming a double bottom near the $3.01 level. The chart shows consolidation above $3.10, with higher lows since July 24. This behavior could suggest a bullish reversal, provided the price breaks above the $3.25–$3.28 resistance zone.
According to Ali chart, a break above $3.30 could validate the break and set up $3.60. TD Sequential indicator is also consistent with this position, as a green 5 candle indicates an increase in momentum. In case of pattern confirmation, the price can target to $3.45 then to $3.60. Nevertheless, the inability to sustain above $3.10 will invalidate the pattern and create bearish momentum.
Source: Ali Chart/ X
Analysts suggested a wider bullish formation, under the current price movement taking the form of a cup and handle. This positioning could prolong the upside, particularly in case of an increase in volume during a breakout move.
XRP Price Reclaims $3.00 After Volatile Session, $5 Target in Focus
After reaching $3.40 in January, XRP saw profit-taking as early buyers exited their positions, leading to a drop to $1.61 by April 7. A consolidation phase followed from April through June, forming a solid base. However, buyer confidence rose again in July, which caused the price to rally to a recent high of 3.66, in a rounding bottom, a solid technical indicator of a long-term revival.
XRP Price is currently Trading at $3.03 (down -1.53%) had a volatile intraday session, dropped to $2.90 before the bounce back. The 24-hour volume rose 47.46%, indicating involvement of the markets and buyer interest at lower prices.
Source: TradingView
The next bullish target is established using this technical pattern at the price of $5.13, which is a 52% estimated move determined by the depth of the saucer bottom. Moreover, the Relative Strength Index (RSI) is above the zero line meaning that buyers are still strong, even though the surge in July was really powerful, which implies that the XRP bull run is far not over.
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