XRP News Today: XRP Breaks Double Bottom Pattern Gains 7.2%

XRP has confirmed a breakout from a double bottom pattern after reclaiming the $2.62 neckline as new support. The price climbed 7.2% to $2.81, with immediate resistance now identified at the $2.91 level on the 3-day chart. This breakout marks the end of a prolonged downward phase and validates the reversal pattern, with the neckline now serving as a horizontal support zone. The breakout candle was followed by strong upward continuation, with minimal pullback, indicating a significant shift in the short-term price structure.

The double bottom pattern on the 3-day Heikin Ashi chart shows two clear troughs around the $2.00 level, with the neckline at approximately $2.62 now acting as support. The breakout move took place after several weeks of consolidation, followed by a decisive push through the neckline. Volume behavior during this period appears to support the momentum shift, with the price quickly approaching resistance at $2.91.

Against BTC, XRP gained 7.1% in 24 hours, reaching 0.00002383 BTC, aligning with the upward momentum seen in USDT pairs. The pattern structure in BTC terms reflects a similar shift as seen in USDT, adding further technical consistency to the move. The bullish chart formation on the 3-day time frame suggests that the structure now favors higher levels, at least in the short term. The price remains above the neckline, maintaining the structure created by the double bottom.

The price currently trades between key levels, with support seen at $2.62 and resistance marked at $2.91. These levels define the immediate trading range. A retest of the $2.62 area is now expected to validate the breakout structure. As of the latest reading, XRP is priced just below the resistance line. This level has historically shown friction during upward attempts. Any decisive move above it may re-establish a higher range in future sessions. However, the price remains below this resistance for now.