Key Takeaways

• XRP crypto news is dominating the market as the cryptocurrency formed a double bottom pattern on the 3-day chart, with strong support holding above $2.07.
• $2.30 is the critical breakout level; a close above this point could send XRP to $2.65–$3.00.
• Three consecutive daily closes below $2.00 would invalidate the bullish pattern.
• The April 7th, 2025 low may be retested before the next leg higher.

XRP Holds Firm Around $2.20

Despite various recent dips, EGRAG emphasized that XRP’s technical structure is holding firm. The key price level to watch is $2.30, a breakout above this point could ignite a powerful rally toward $2.65 and even $3.00 in the coming weeks.

EGRAG’s Technical Analysis Of XRP

Source: EGRAG Crypto

Holding Above Key Support Amid Bullish Setup

At the center of this bullish narrative is the double bottom formation, a widely-followed reversal pattern that often signals the end of a bearish trend and the beginning of a new upward cycle.

EGRAG notes that this pattern will only remain valid as long as XRP maintains support above $2.07. The price has shown strong resilience, repeatedly bouncing between $2.09 and $2.14, supported by the 21-day EMA.

However, EGRAG urged caution, saying:

“As long as XRP stays above $2.07, the bullish structure is intact. This level is absolutely critical for XRP”

A decisive break above $2.30 on the 3-day chart would confirm the pattern, potentially leading to a surge in buying pressure.

$2.30: The Trigger Point For XRP’s Breakout

The $2.30 resistance has now become the neckline of the double bottom pattern. A confirmed 3-day candle close above this level would act as a trigger for significant upside movement.

EGRAG suggests that such a breakout could send XRP to $2.65 initially, with $3.00 as a likely extended target if momentum builds.

This bullish scenario also aligns with broader market optimism, especially as Bitcoin (BTC) eyes a move toward $120,000, drawing attention back to altcoins.

What Could Invalidate The Bullish Pattern?

While current conditions favor the bulls, EGRAG issued a word of caution: three consecutive daily closes below $2.00 would invalidate the double bottom pattern and signal a possible structural breakdown.

This would be a bearish development, suggesting that the market has lost key support and may head into a corrective phase.

Still, EGRAG urges traders not to be shaken by minor fluctuations, saying:

“The market loves to shake you out before the move. I want to remind my followers that volatility often precedes big rallies.”

 

April 7th Low Remains Key Reference Level

Another important support level noted by EGRAG is the April 7th, 2025 low, which has historically marked a bottom on the 3-day time frame. He expects XRP may revisit this level before its next leg up.

EGRAG Crypto Updating His Analysis

Source: X (@egragcrypto)

If this scenario plays out, it would give bulls a clean retest before any breakout, further strengthening the technical case for upside. This level, combined with support near the 21 EMA and the $2.09–$2.14 region, offers a strong technical base for the next rally.

XRP Crypto News in Context: Altcoins on the Verge

This update in XRP crypto news comes amid growing interest in the altcoin market, where several tokens are flashing signs of historic breakouts. As Bitcoin continues to dominate headlines, traders are keeping a close eye on XRP for signs of an explosive move.

If XRP can hold its current structure and break above $2.30, it could not only lead the next altcoin surge, but also reaffirm its place among the top-performing digital assets in 2025.

FAQ

What is the current technical setup for XRP?
XRP is forming a bullish double bottom pattern on the 3-day chart. It remains valid as long as the price stays above $2.07.

Why is $2.30 an important level for XRP?
$2.30 acts as the neckline of the double bottom formation. A breakout above this level could trigger a strong upward move toward $2.65 and $3.00.

What could cause the bullish outlook to fail?
If XRP closes below $2.00 for three consecutive days, it may signal a breakdown in the structure, invalidating the bullish setup.

How does this XRP crypto news fit into the larger market trend?
With Bitcoin aiming for $120K and altcoins gaining traction, XRP is well-positioned for a breakout if key levels are reclaimed.