XRP/USDT –> Double Bottom Formation Confirmed!

Oct 4

Hi guys!

After breaking above the descending trendline, XRP has confirmed a double bottom pattern around the 2.70 area.

Currently, the price is moving inside an ascending channel, but after facing resistance near 3.10, it has entered a correction phase. The 2.94–2.96 area now acts as a key support zone, aligning with both the previous neckline and the channel’s midline.

If this support holds, we can expect the price to bounce upward and resume its bullish momentum toward the 3.20 area, which represents the target of the double bottom.

However, if the 2.94 support breaks down, we might see a deeper correction toward the lower channel boundary before any continuation move.

🎯 Targets:

• First target: 3.20 USDT (double bottom projection)
  
• Extended target: 3.30 USDT (upper channel resistance)
  

Oct 5

Trade active

the enter has been touched and it is toward target!