XRP Forms Triple Bottom; Here’s What’s Next, According to Analysts

XRP is once again at the center of market debate as technical analysts point to a developing triple bottom formation, a pattern historically associated with bullish reversals, even as other observers warn of downside risk near key support.

As it happens, a new chart shared by cryptocurrency market expert EGRAG CRYPTO in an X post on January 26 shows what he describes as “patterns within patterns,” with XRP forming three distinct lows before attempting to consolidate above critical levels.

What The Patterns Tell Us

According to the analyst, the structure suggests accumulation rather than distribution, particularly as the price stabilizes above the mid-$1.80 range. 

At the same time, fellow crypto industry specialist Dark Defender wrote “Don’t underestimate the power of XRP,” emphasizing that the asset continues to hold key zones despite broader market volatility. At the time of the analysis, XRP was trading near $1.88, after which it advanced to $1.92.

Its current price indicates a 2% increase in the last 24 hours, a dip of 2.9% across the previous seven days, and a gain of 3.9% over the past month, according to the most recent charts.

Triple Bottom Structure Draws Bullish Attention

The triple bottom pattern, commonly viewed as a bullish reversal setup, forms when price tests a similar support level three times before breaking higher. On EGRAG’s long-term chart, XRP appears to have completed this structure following repeated defenses of the same demand zone.

The setup is accompanied by a compression phase near resistance, suggesting that a decisive move could follow once the price exits the current range. Historically, such formations have preceded strong trend expansions, particularly when paired with improving market structure.

EGRAG’s chart also outlines higher-timeframe resistance levels and potential upside extensions should XRP confirm a breakout.

Conflicting Views Keep XRP Traders Divided

However, not all analysts share the same outlook.

Bloomberg Intelligence strategist Mike McGlone offered a more cautious take, noting that XRP appears vulnerable to a breakdown below $1.82, a level he flagged as critical support.

As McGlone warned, framing the move as part of a broader risk-off scenario rather than an XRP-specific event:

“XRP looks ripe to breach $1.82 support, with implications for all risk assets.”

This divergence in views highlights the current uncertainty surrounding XRP’s next move, as technical strength on higher timeframes clashes with short-term downside risks.

XRP Hold Key Zone As Market Waits For Confirmation

Despite the debate, XRP has so far managed to remain above the contested support region, maintaining a structure that keeps both bullish and bearish scenarios in play.

With long-term patterns suggesting accumulation and short-term analysts watching for a potential breakdown, XRP appears to be approaching another inflection point. Whether the triple bottom confirms or fails may depend on broader market conditions as much as XRP-specific momentum.

For now, traders are watching closely as XRP consolidates near levels that could define its next major trend.

XRP Price Today

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