XRP Targets $30 as Analysts Confirm Bullish Double-Bottom Breakout
XRP has confirmed a bullish double-bottom breakout, signaling a potential rally towards $30.
Derar Hadri 
XRP has confirmed a bullish double-bottom breakout, signaling a potential rally towards $30. However, maintaining key support at $2 is essential to sustain the momentum and prevent a drop toward $1.25.
Key Highlights:
✅ XRP has broken above neckline resistance, confirming a bullish double-bottom pattern.
✅ Analysts predict a potential surge to $30, based on historical trends and technical indicators.
✅ XRP must hold the $2 support level to avoid a decline to $1.25, as indicated by the head-and-shoulders pattern.
Bullish Double-Bottom Pattern Suggests XRP Could Reach $30
According to crypto analyst Steph Is Crypto, XRP has completed a double-bottom formation, breaking past its neckline resistance. This development is a strong bullish signal, indicating growing buying pressure that could push XRP towards the $30 mark.
Historically, once a double-bottom breakout is confirmed, prices tend to rally, with projections based on the pattern’s height extended from the breakout point. The long-term XRP chart also suggests an extended accumulation phase, mirroring previous bull cycles.
This bullish breakout aligns with rising trading volume, reinforcing market confidence. Analysts highlight the lack of strong resistance between current price levels and the $30 target, making a sharp upward move highly possible.
XRP Must Hold the $2 Support Level
Meanwhile, crypto analyst Ali Martinez has pointed out that XRP is also forming a head-and-shoulders pattern on its weekly chart. This pattern is often a trend reversal signal, emphasizing that $2 is a critical support level for maintaining XRP’s bullish trajectory.
If XRP fails to hold above $2, it may face a decline toward $1.25, leading to increased selling pressure. However, if support holds, XRP could continue its uptrend and move toward its projected $30 target.
Altcoin Rally and Broader Market Trends
XRP’s performance is also influenced by broader market trends, particularly Bitcoin’s movement and macroeconomic factors such as Federal Reserve policies.
- A bullish market sentiment could fuel an altcoin rally, benefiting XRP’s momentum.
- According to CryptoQuant, rising stablecoin demand suggests altcoins are entering a strong rally phase.
XRP has recently been trading between $1.79 and $3.36, with a rebound beginning in early March. The altcoin closed the past week in green, with a 1.95% increase in the last 24 hours, bringing its price to $2.34.
Ripple’s Strategic Developments Could Push XRP Higher
Adding to bullish expectations, Ripple has recently filed a trademark for downloadable software to custody crypto assets. Analysts suggest this move could further strengthen XRP’s market position, potentially pushing prices towards $5 in the coming months and eventually breaking the $30 price target.
With historical price patterns showing extended accumulation phases before major bull cycles, XRP appears to be on a similar trajectory, reinforcing optimistic market sentiment.
