XRP Price Prediction: Double Top Pattern Flashes Red – Is the XRP Bull already running?


The latest double-top formation at $3.66 high has raised the short-term XRP price outlook questioning the bearish and broader bullish trends in the matter.

Bull Run Sentiment has driven a deeper capital turnover into altcoins, but it is possible that momentum has been over-expanded. The Altcoin Season Index fell sharply from 59 to 43.

Altcoin season index. Source: Coinglass.
Altcoin season index. Source: Coinglass.

With the clear actions expected after October, the Genius Act has been signed into law, and the bullish catalyst is far beyond “crypto week,” setting the stage for ongoing benefits.

But without final action, institutional-led demands remain on the sidelines and await clarity of regulations. This is an important sticking point for XRP given the ongoing legal battle over classification with the SEC.

XRP Price Analysis: Is the Bull already running?

The wider XRP uptrend may still be intact as double-top patterns are nearing completion and sales pressures begin to show signs of weakening.

XRP/USDT 4-hour chart, double top pattern. Source: TradingView, Binance.
XRP/USDT 4-hour chart, double top pattern. Source: TradingView, Binance.

Most of the expected drawbacks of the pattern appear to be unfolding, with XRP prices currently at $2.79 near the predicted bottom, just 8.3% below current levels.

Momentum indicators support this outlook. The RSI forms a potential early signal that sellers are overly low and sellers are losing strength, rebounding from oversold territory.

Furthermore, the MACD is trapped in signal lines, suggesting bullish momentum. The golden cross here could mark the beginning of a new uptrend.

If $2.79 proves support, the reversal will bring XRP back to a wider uptrend, collect the neckline as support, breaking past $3,66 and targeting the next milestone for $4 with a potential 30% gain.

If $2.79 is held as support, the reversal can climb the XRP to regain the neckline and set a retest at the previous $3.66 height.

A breakout from there will target the next key milestone for $4 as XRP enters the realm of price discovery and offers a potential 30% upside.

XRP misses the biggest story of this cycle

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token6900 Presale website.
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