XRP Holds Support at $2.31 in Double Bottom Formation — Eyes on Higher Breakout

According to EGRAG CRYPTO, XRP continues to bounce off the red descending trend line, maintaining a key level of support and signaling market strength. The current price action is oscillating within a narrow range, referred to as “micro noise,” between Fibonacci level 0.888 — specifically, between $2.30 and $2.62.

What’s Next for XRP?

The chart outlines two potential scenarios:

Bullish case: A successful breakout above the trend line could send XRP to $2.30, then to $3.10, with the ultimate upside target around $3.3967.

Bearish case: Failure to hold current levels could lead to a retest of lower Fibonacci zones, including $1.6126 (0.786) and $1.2038 (0.702) — the latter marked humorously with a fishing hook and fish emoji on the chart, suggesting a possible liquidity grab before reversal.

EGRAG emphasizes staying steady and encourages the #XRPFamily to remain confident through current price volatility.

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“STAY STEADY AND STRONG. Together W e Rise!,” he wrote.

With key support holding and strong technical patterns forming, XRP could be approaching a critical breakout point — one that traders will be watching closely in the days ahead.

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