Back to top
  • 공유 Share
  • 인쇄 Print
  • 글자크기 Font size
URL copied.

XRP Price Nears Key Support as Double Bottom Zone Comes Back Into Focus

XRP Price Nears Key Support as Double Bottom Zone Comes Back Into Focus. Source: Shutterstock

XRP is approaching a critical support level that previously formed a double bottom in early 2026, placing the cryptocurrency at a potentially निर्णing point. After weeks of sustained downside pressure and a clear bearish trend, XRP price action is once again testing a historical reaction zone that could attract renewed buying interest. While there is no confirmed reversal signal yet, the proximity to this level makes the coming trading sessions especially important for XRP’s short-term outlook.

From a technical analysis perspective, XRP remains under significant pressure. The chart structure continues to show lower highs and lower lows, confirming bearish market dominance. In addition, the price is trading below key moving averages, reinforcing the broader downtrend. As long as XRP remains under these technical barriers, sellers maintain control of the market.

However, crypto markets rarely move in a straight line. Strong historical support zones often act as areas where bearish momentum begins to slow. The current level is particularly important because it previously triggered a double bottom pattern, which marked temporary selling exhaustion and led to a short-term rebound. If XRP stabilizes near this support again, traders could see a similar base-building process unfold.

That said, support alone does not guarantee a reversal. A double bottom pattern only becomes meaningful if buyers step in decisively and defend the lows. Without strong demand and sustained price stability above this zone, XRP could break below support and extend its losses further.

For now, market participants should closely monitor price behavior around this key level. If XRP consolidates and forms a new base, it could signal the beginning of stabilization. Otherwise, a breakdown may confirm continued bearish momentum in the broader cryptocurrency market.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Most Popular

Comment 0

Comment tips

Great article. Requesting a follow-up. Excellent analysis.

0/1000

Comment tips

Great article. Requesting a follow-up. Excellent analysis.
1