XRP Price Forms Double Bottom Around $3.00, Poised for Move Brenda Mary | usagoldmines.com

TLDR:

• XRP formed a double bottom near $3.00, signaling short-term bullish support on recent price charts.
• Price rebounded to $3.08 but faces resistance, with holding this zone crucial for upward momentum.
• Falling below $3.00 may trigger consolidation, showing selling pressure outweighing current buying interest.
• XRP shows higher highs and lows after rebound, reflecting a short-term bullish trend on charts.
  

XRP price action this week has shown a clear double bottom pattern around $3.00. The formation offered a rebound that pushed the token toward $3.08. 

Currently, XRP is testing this resistance level, creating uncertainty over the next directional move. Market watchers are closely following this zone as a potential pivot for short-term momentum. 

According to BitGuru’s tweet, the $3.08 level could determine whether the bullish trend continues or consolidation sets in.

Double Bottom Forms Strong Support at $3.00

The XRP/USDT chart over the past month highlights two clear dips near $3.00. 

BitGuru described this pattern as a classic double bottom, providing strong technical support. This level prevented further declines, allowing XRP to recover and move toward the $3.08 resistance. 

Traders often see such formations as bullish reversal indicators, signaling a pause in selling pressure.

Following the rebound, XRP’s trend shows higher highs and higher lows, which aligns with short-term bullish sentiment. The $3.00 level now acts as a major support zone. If price falls below it, a deeper consolidation period may occur. Analysts say this level is crucial for maintaining market confidence among retail and institutional traders.

$XRP formed a double bottom around the $3.00 level, which gave it strength for a rebound. The price recently moved higher but is now trying to pull back near $3.08.

Holding this zone could set the stage for another upward push, while losing it may invite more consolidation. pic.twitter.com/odFi0axCMY

— BitGuru (@bitgu_ru) September 19, 2025

XRP Price $3.08 Resistance Key to Next Move

XRP’s rise toward $3.08 shows the token facing resistance after the rebound. 

BitGuru noted that holding this level could set the stage for further upward movement. Conversely, failing to maintain $3.08 may lead to sideways price action or a pullback toward $3.00.

Technical charts suggest that breaking above $3.08 could prompt momentum toward the next resistance, likely around $3.10 or higher. 

Traders are watching volume activity closely, as strong buying pressure may sustain the rally. Market signals also suggest consolidation if the token struggles to surpass this zone.

Currently, XRP’s price on CoinGecko is $3.03 with a 24-hour trading volume of $5.62 billion. The token has seen a 2.63% drop over 24 hours and 0.66% decline over seven days. 

Observers are using this data to assess whether short-term momentum can sustain or if the market will stabilize at current levels.

The post XRP Price Forms Double Bottom Around $3.00, Poised for Move appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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