XRP News Today: XRP's Double Bottom and Regulatory Shifts Signal Major Bull Case

XRP price analysis has turned increasingly bullish as market participants and technical indicators point to potential upward momentum, despite ongoing bearish sentiment in the broader cryptocurrency market. Analysts are highlighting long-term moving averages and emerging technical patterns as signs of resilience and future growth potential for the token.

One key development is the formation of a multi-year double bottom pattern on the XRP price chart, identified by market strategist EGRAG. This pattern, which started in early 2018 and was confirmed by a breakout above the $2 neckline in December 2024, suggests the token could see a move toward $22–$27 in the long term. The double bottom structure has historically acted as a reliable bullish reversal pattern, and its validity is reinforced by XRP’s ability to maintain higher lows in recent months.

Despite these optimistic signals, XRP has remained rangebound in a parallel channel between $2 and $3.6 since January 2025, with analysts closely watching for a breakout that could confirm a new bullish trend. EGRAG argues that if XRP can break above the upper boundary of this channel, it may see a significant price surge. Meanwhile, other analysts, such as Dark Defender, have pointed to a completed five-wave Elliott Wave pattern, suggesting that XRP is entering a potential fifth wave with a target of $4.39. This projection, however, hinges on the token maintaining support at $2.85, a level that aligns with key Fibonacci retracement levels.

Regulatory developments in the United States have also contributed to a more favorable environment for XRP. A recent joint statement from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) has indicated that registered exchanges may list and trade select crypto assets, including XRP. This regulatory clarity, coupled with Ripple’s expanding cross-border payment network, is seen as a catalyst for long-term price appreciation. Ripple’s recent partnership with Thunes, a global payments network, further strengthens its position in the enterprise payments market, potentially enhancing XRP’s utility and demand.

Institutional adoption is another critical factor driving bullish sentiment. XRP futures on the CME have seen open interest exceed $1 billion, outpacing early growth rates of Bitcoin and Ethereum derivatives. The increasing institutional interest is supported by speculation around potential XRP ETFs, including a proposed spot ETF and the Grayscale XRP Trust. Analysts believe that regulatory approval could attract large-scale capital inflows from pension funds and asset managers, further boosting XRP’s price.

Technical indicators also support a near-term bullish outlook. XRP is currently trading above the 100-period Exponential Moving Average (EMA) and the MACD remains in a buy signal. The Relative Strength Index (RSI) has moved into neutral territory, suggesting growing buying pressure without reaching overbought levels. A breakout above $3.10 could trigger momentum toward $3.30 and beyond, while a breakdown below $2.85 may test deeper support levels at $2.70 and $2.50.

Overall, while short-term volatility remains a risk, the confluence of technical strength, institutional adoption, and regulatory progress suggests XRP has a strong case for a sustained price recovery. Analysts will be closely watching XRP’s ability to hold key support levels and generate a breakout that confirms a long-term bullish trend.

Source: [1] XRP Double Bottom Pattern Fuels Case for Rally Into Two Digits (https://thecryptobasic.com/2025/09/06/xrp-double-bottom-pattern-fuels-case-for-rally-into-two-digits/) [2] This May Be Your Last Month to Buy XRP at Low Valuations (https://thecryptobasic.com/2025/09/06/this-may-be-your-last-month-to-buy-xrp-at-low-valuations-crypto-founder-warns/) [3] XRP Price Prediction: XRP Poised for Apex Breakout—Will the Next Move Send It to $5? (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-poised-for-apex-breakout-will-the-next-move-send-it-to-5) [4] XRP Price, XRP Price, Live Charts, and Marketcap (https://www.coinbase.com/price/xrp) [5] XRP Could Surge Past $3 as US Regulatory Easing Fuels Cross-Border Momentum (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-could-surge-past-3-as-us-regulatory-easing-fuels-cross-border-momentum)