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TimesTabloid 2025-08-29 11:02:18

Analyst to XRP Holders: This XRP Double Bottom Can Send Us to $5 With Haste

XRP has experienced notable swings in August, and crypto analyst Steph Is Crypto (@Steph_iscrypto) believes its performance has formed a crucial pattern signaling a move toward a new all-time high for the digital asset. Steph shared a daily chart showing a double bottom formation and predicting an imminent rally for XRP. The chart shows a measured target far above current levels, reinforcing bullish expectations if the pattern holds. #XRP Double Bottom.. Send us to $5 with haste! pic.twitter.com/yLrveoU1Lc — STEPH IS CRYPTO (@Steph_iscrypto) August 28, 2025 The Double Bottom Pattern The pattern is shown in two clear phases. The first occurred between April and July. XRP hit its lowest point of 2025 in April, and after a consolidation phase, it hit another low in late June, before a massive breakout. The rally in July sent XRP up by 91.88% to a new all-time high of $3.65 , and Steph suggests a repeat of this surge In early August, XRP fell below the $3 support level , forming the first part of a new double-bottom pattern. The asset quickly recovered and entered another consolidation phase. However, this momentum began to weaken, and the asset dipped below $3 again , forming the second part of the double bottom formation. This repetition suggests that the earlier move may serve as a template for what could come next. It is important to note that while double bottom formations are traditionally bullish, they require confirmation through a decisive move above the neckline resistance, sitting just above $3. If the second setup mirrors the first, the implication is another move of roughly 91.88% from the neckline breakout. However, without the initial breakout, the setup remains incomplete. Traders watching this pattern will therefore look for a sustained price move to confirm the bullish scenario. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP’s Price Target The projection based on this second double bottom shows a potential rise toward $5.35. That level represents the measured move from the pattern, applied to the breakout point, and would represent a new all-time high for XRP. From a technical perspective, the double bottom is validated by the repeated testing of lows without a breakdown, followed by recovery and consolidation. This establishes a base of support, strengthening the probability of a price increase. The chart suggests that XRP has already stabilized near the $3 range, setting the stage for a possible breakout attempt. Analysts are confident that a breakout is coming , and crossing the neckline above $3 could kickstart a historic run for XRP. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst to XRP Holders: This XRP Double Bottom Can Send Us to $5 With Haste appeared first on Times Tabloid .

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