XRP Forms Double Bottom, Signaling End of Downtrend? Whales Poised to Buy

▲ XRP

XRP is approaching the double bottom zone formed in early 2026 once again, reaching a critical technical inflection point that could determine whether the ongoing downtrend is coming to an end.

According to cryptocurrency media outlet The Crypto Basic on February 25, XRP is nearing a historical reaction zone where strong buying interest previously emerged, following weeks of sustained downward pressure. The market is closely watching whether the price can stabilize in this region, with the next several trading sessions expected to serve as a key turning point for XRP’s short-term trajectory. Although no definitive reversal signal has been identified yet, growing proximity to major support levels is heightening market tension.

Technical indicators suggest that XRP remains under strong bearish pressure. The overall price structure continues to reflect a classic downtrend, marked by lower highs and lower lows, while trading below major moving averages. This indicates that sellers still dominate the broader market trend and that investor sentiment remains subdued.

However, markets do not move in straight lines, and downside momentum often slows at levels that previously triggered strong reactions. The double bottom formed in early 2026 signaled seller exhaustion at the time and helped lead to subsequent price stabilization. As XRP now attempts to revisit that level, the possibility of a similar defensive price scenario is being raised.

Price stabilization does not automatically signal a trend reversal, and the completion of a true double bottom pattern requires active participation from buyers. If the price fails to hold firmly above its recent low, there is a risk that support could break, allowing the downtrend to continue. Therefore, at this stage, it is more important to monitor changes in trading volume and buying strength after the price reaches support rather than focusing solely on defending a specific price level.

If XRP succeeds in slowing its current rate of decline and establishes a new support base, it may enter a consolidation phase to build a bottom rather than experience further depreciation. Based on historical patterns, as selling pressure approaches a critical threshold, stable movement within the support zone could lay the groundwork for a potential recovery rally. Market participants are closely watching for any breakdown of key support levels while preparing corresponding strategies.

Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on this information. The content should be interpreted solely for informational purposes.