Peter Smith
After weeks of sideways movement and uncertainty, XRP is finally showing some real momentum on the charts.
His post included a one-hour XRP/USD chart from Binance, highlighting a textbook triple bottom formation—a reliable bullish reversal pattern. XRP has already started moving higher from the $2.35 support zone, pushing toward $2.65 and validating the setup.
Triple Bottom Confirmed: What the Chart Shows
Crypto trader Gordon recently tweeted with confidence: "Hate to say I told you so. But I did tell you. Higher."
The chart displays three rounded lows formed between October 12 and 23, each one defending the $2.35 support level. With every dip, selling pressure weakened—a classic sign that buyers were stepping in stronger each time.
After forming the third bottom, XRP broke above local resistance at $2.55, confirming the reversal pattern and kicking off a steady climb. This type of formation often lays the groundwork for a new uptrend, especially when backed by volume and momentum—both of which are present here.
Market Context and What's Next
The breakout comes as crypto sentiment improves overall. With Bitcoin holding steady above key support levels, altcoins like XRP are seeing fresh interest and capital rotation from traders who've been sitting on the sidelines.
Here's what traders are watching now:
- Support: Holding steady around $2.55–$2.60
- Near-term resistance: Around $2.75, a key target for short-term bulls
- Next major level: If momentum continues, $2.80–$3.00 is in play—an area where XRP saw significant action earlier this year
- Volume: Increasing on upward moves, suggesting buying conviction is building
- Bitcoin stability: Acting as the anchor for broader market confidence
If buyers keep the pressure on, XRP could make a clean run toward the $3 zone, marking a significant recovery from recent lows.
Trader confident tone reflects a growing sense among traders who spotted XRP's accumulation phase early. The triple bottom isn't just a short-term blip—it represents weeks of patient accumulation, often a signal that bigger players are quietly positioning for a larger move.
Peter Smith
