XRP Bullish Breakout Potential: Double Bottom Signals & Key Resistance

Recent analysis of the XRP price chart suggests a potential short-term upward movement, fueled by a double bottom pattern and strong bullish momentum signals. This reversal pattern, evident on the 4-hour chart, forms after an extended downtrend, with XRP repeatedly finding support near $1.70. Twice, it has rebounded from this level, forming clear troughs. The neckline of this structure lies around the $1.95-$2.00 range, acting as a critical resistance zone. A confirmed breakout above this level—especially if accompanied by strong volume—could lead to a rally towards the $2.15-$2.20 area in the short term.