Double Bottom or Double Top? Why XRP Is at a ‘Make-or-Break’ Moment

XRP is holding above $1.9 after bouncing from key support near $1.8. The move follows a brief dip below that level, which was quickly reversed. It has since reclaimed the zone, drawing attention to a possible short-term shift in trend.

Support Zone Holds as RSI Rebounds

Analyst Niels flagged a potential double bottom around the $1.8 level. XRP tested the area twice, with the second move briefly falling below support before recovering. This type of price action is often seen during early signs of recovery.

“XRP had a fakeout below the support level before reclaiming the zone,” he noted.

The RSI also shows signs of strength. After reaching oversold levels near 22, the indicator has rebounded to around 45. Niels added,

“RSI has bottomed out already, and now the price is showing good signs too.”

If momentum continues, the next resistance sits near $1.95. A move above that could bring targets between $2.3 and $2.5 into play.

Even so, XRP dropped below $1.90 over the weekend, breaking out of a tight range. The move came with a rise in volume, which suggested sellers were active. The broader market was mixed, and XRP showed less follow-through than some other large-cap tokens. Since losing the $2 level earlier this month, rebounds have been limited.

That said, ChartNerd noted that XRP is still trading above its Monthly Supertrend indicator and stated,

“Being above the Monthly Supertrend indicator implies that $XRP is still in a bull market.”

On-Chain Activity and Sentiment Signals

Address activity on the XRP network has slowed. Ali Charts reported a drop from 46,000 active wallets to 38,500 over the past week. This change suggests fewer participants in the network during the current range-bound price action.

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Analyst Daniel Ramsey shared a different view.

“#XRP is testing the neckline of Double Top formation,” he said.

He described the setup as “looking bearish.” A close below $1.77 would break the recent structure and put the next major support near $0.8 back in focus. Additionally, data shared by Ali Martinez shows that the TD Sequential tool may have signaled a local top after XRP’s bounce from $1.77 to $1.92.

XRP is priced at $1.92 at press time, with a 24-hour volume of $2.24 billion. The token is down over 1% in the past day and almost 4% over the past week. While short-term direction remains uncertain, spot Ripple ETFs have continued to post gains since their launch on November 13, showing steady demand from market participants.

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