XRP Forms Double Bottom Near $2.00, Signaling Potential Trend Shift

XRP is showing one of its most constructive technical signals in months as a clear double bottom forms near the critical $1.90–$2.00 support zone. This pattern suggests a possible shift in market structure rather than another short-lived bounce within a broader downtrend. After an extended period of selling pressure and repeated failures to reclaim key moving averages, this development has caught the attention of traders watching for early signs of stabilization.

The importance of this double bottom lies in its structure. XRP experienced aggressive sell-offs in October and December, both of which pushed price into the same demand zone. When the market revisited this area in January, sellers were unable to force a lower low. Instead, selling momentum weakened, trading volume declined, and price action began to stabilize. This second rejection of lower prices points to sell-side exhaustion rather than sudden, aggressive buying, which is a subtle but meaningful distinction in technical analysis.

At the same time, XRP has not yet entered a confirmed bullish phase. Key resistance levels, including the 50-day and 200-day exponential moving averages, remain overhead and continue to limit upside progress. Historically, double bottom patterns rarely result in immediate rallies. More often, they mark a transition from a strong downtrend into a consolidation or range-bound phase as the market searches for direction.

The most important level to monitor is the neckline around the $2.15–$2.20 zone. A sustained breakout above this range, ideally supported by increasing volume, would confirm the pattern and open the door to a broader trend shift. Without that breakout, XRP risks continued sideways movement and possible additional tests of support.

From a market-structure perspective, this double bottom challenges the bearish continuation narrative. Price action may begin compressing upward instead of forming lower highs and lower lows, potentially forcing short sellers to cover and attracting accumulation. While this setup does not guarantee a rally, it significantly alters how XRP may trade in the near term and places the asset at a critical technical crossroads.