Has XRP Bottomed? Triple-Bottom Rebound Signal Spotted

An analysis suggests that XRP is forming a technical pattern that could indicate a possible end to its long-term downtrend.

According to NewsBTC on the 17th (local time), crypto analyst EGRAG CRYPTO said XRP is forming a “triple bottom” pattern on the macro chart, which may mean selling pressure is entering an exhaustion phase.

EGRAG CRYPTO explained, “Markets don’t move randomly—they follow recurring cycles,” adding that “XRP is now nearing the final stage of its long-term structure.”

This pattern involves three lows forming over several months and is generally interpreted as a signal that a downtrend may be ending and a reversal to the upside could follow. XRP’s current price action was assessed as being in the last decline of the pattern, the “wave C” leg.

EGRAG CRYPTO said, “This phase is typically when selling pressure is exhausted, and it can become the inflection point where the market turns from down to up.”

The key support level was cited at $0.91. That price zone is where the 0.618 Fibonacci retracement level overlaps with an area of past buying demand, and it is viewed as a zone with a high likelihood of forming the final low.

Meanwhile, the major resistance level to confirm a bullish reversal was put at $1.65. EGRAG CRYPTO said, “If $1.65 is reclaimed on a weekly closing basis, the bearish structure would break, signaling that completion of the triple bottom is near.”

He added, “If this level is broken, it could then align with a Fibonacci extension zone, paving the way for a full-fledged uptrend.”

Ultimately, the key question for XRP is whether it can form a final bottom around $0.91, while a break above $1.65 is expected to serve as the critical inflection point for a medium- to long-term bullish reversal.