Double bottom or double top? Why XRP is in a ‘Make-or-Break’ Moment

XRP is trading above $1.9 after regaining support, with analysts divided on whether it will rise to $2.5 or fall towards $0.8.

Support zone persists while RSI recovers

Analyst Niels marked 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 the first signs of recovery.

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

The RSI is also showing signs of strength. After reaching the oversold level of almost 22, the indicator has recovered to around 45. Niels added:

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

If momentum continues, the next resistance is near $1.95. A move above that could put targets between $2.3 and $2.5 in play.

Still, XRP fell below $1.90 this weekend, breaking out of a tight range. This move was accompanied by an increase in volume, suggesting that sellers were active. The broader market was mixed, with XRP seeing less success 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:

“If we are above the Monthly Supertrend indicator, it means $XRP is still in a bull market.”

Activity and sentiment signals in the chain

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

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Analyst Daniel Ramsey shared a different view.

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

He described the setup as “looks bearish.“A close below $1.77 would break the recent structure and bring the next major support near $0.8 back into focus. Additionally, data shared by Ali Martinez shows that the TD Sequential tool may have identified a local top following XRP’s jump from $1.77 to $1.92.

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