XRP is hovering at a critical juncture, trading just above $1.90. Analysts are split on what comes next, with the chart potentially forming two opposite patterns. A successful bounce from this level could signal a “double bottom,” a classic reversal pattern that often precedes a strong rally, with a potential target near $2.50.
However, a failure to hold support could instead create a “double top,” indicating exhaustion and a likely continuation of the downtrend. This bearish scenario could see prices revisit much lower levels, potentially toward $0.80.
For traders, this creates a clear, high-stakes setup with defined risk. A clean break above the recent swing high near $2.10 would confirm bullish intent, while a drop below $1.85 would signal bearish control. This moment is a perfect lesson in technical discipline: wait for the chart to confirm its direction before committing capital. It’s not about guessing, but about strategically reacting to the market’s next decisive move.