XRP is trading at $1.21, down 4.14% in 24 hours, underperforming the broader crypto market. On the weekly chart the token continues to hold the critical $1.13 support level that has contained selling pressure through the current bear market. The larger bearish trend has not yet reversed and no structural confirmation of a bottom has arrived.
The Pattern Forming on the Four Hour Chart
A double bottom pattern, also known as a W pattern, is developing on the four-hour XRP chart at a resistance zone between $1.18 and $1.19. XRP is currently struggling to close convincingly above that level, producing candles that briefly push through but fail to hold.
The same double bottom pattern has already played out and confirmed on Bitcoin’s chart. XRP is lagging behind, still at the potential breakout point while Bitcoin has already cleared its equivalent resistance and moved toward the next target. That lag is consistent with the broader pattern of major altcoins following Bitcoin’s price action with a delay.
Important Levels
A confirmed breakout above $1.19 with sustained closes above that level would technically target approximately $1.29, representing a 9% to 10% move from the breakout point. Resistance along the way sits at approximately $1.24, which would likely slow any rally before the $1.29 target is reached.
If XRP breaks out but then falls back below $1.18, that would invalidate the pattern and the associated price target entirely. The $1.13 weekly support remains the floor that must hold to keep the broader structure intact.
Underperformance Warning
Analysts say that XRP has been consistently underperforming Bitcoin during the current recovery. Even if the double bottom confirms and the breakout occurs, XRP may not generate the same percentage return as Bitcoin’s equivalent move or Solana’s recent breakout. The pattern provides a directional trade setup but the magnitude of any move should be calibrated to XRP’s current relative weakness rather than assumed to match Bitcoin’s performance.
The $1.13 support holds and the $1.18 to $1.19 resistance is the line being tested. Everything between those two levels is the decision zone the market is navigating right now.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
