XRP Price Prediction: Double Bottom Fuels XRP Rally Hopes Toward $2.50 and Beyond

XRP’s latest price action has sparked fresh optimism among investors as bullish technical patterns hint at an extended rally.

After bouncing off key support levels and forming a classic double bottom pattern, analysts now anticipate a potential surge toward $2.50 and possibly beyond.

Bulls Defend Key Support as Double Bottom Forms

The XRP price currently trades around $2.29, holding firm after a retest of the $2.25 support level. Despite facing short-term rejection near $2.3278, this zone has not dampened market sentiment, especially as traders identify a bullish double bottom pattern—often a precursor to upward breakouts.

XRP maintains strength above $2.00 support as a double bottom pattern signals a potential rally toward $2.44 and higher. Source: Andrevella on TradingView

“The recent bounce off $2.00–$2.10 continues to act as a strong foundational base,” said one market analyst, adding that the formation of a “W” pattern may propel Ripple price action toward the $2.44–$2.50 range if confirmed. This pattern, combined with rising momentum in the broader Ripple market, suggests that bulls are gradually regaining control.

Short-Term Resistance Looms, But Momentum Builds

Although XRP briefly spiked to $2.30, it has encountered persistent selling pressure around the $2.3278 level. This resistance zone aligns with a descending trendline on the 4-hour chart, which traders are watching closely. According to technical data, the 30-minute RSI has cooled to 44.55—indicating a slowdown in bullish momentum—while the MACD signal line is beginning to slope downward, pointing to short-term consolidation.

Ripple is rebounding from support with a hidden bullish divergence on the daily chart, indicating potential for continued upside momentum. Source: MukhtarTechnicals on TradingView

Still, XRP remains supported above its 20/50 EMA clusters, with $2.25 acting as a crucial pivot. The Ichimoku cloud also shows a flattening base around this region, which may serve as a launchpad for a renewed push if bulls return with volume.

XRP Price Prediction: Can Bulls Break $2.35?

From a medium-term perspective, the outlook remains cautiously optimistic. The current price range between $2.2493 and $2.2890 sits atop a liquidity-rich support zone, reinforced by both horizontal and EMA-based dynamic support. A clean break above $2.3278 could clear the path toward $2.44, and potentially retest the broader resistance near $2.52—corresponding with the 0.382 Fibonacci retracement level on the weekly chart.

An overnight rally toward $2.35 appears likely as XRP continues to sweep higher liquidity levels, reinforcing a strong bullish outlook. Source: Kyle_Kinnaird on TradingView

Traders are also monitoring Bollinger Bands on the 4-hour chart, which have begun to widen—a signal that XRP price volatility may soon increase. “We’re approaching a decision point,” one analyst noted. “If volume accompanies a breakout above $2.32, we could be looking at a fast move toward the $2.50 mark.”

Long-Term Prospects: Is $5 Still in Play?

Looking beyond the short-term chart patterns, market observers remain bullish on Ripple XRP news for 2025. XRP is believed to be in the fifth wave of an Elliott Wave cycle that began after the market’s spring correction. If this wave plays out fully, analysts project a rally toward the $5.00 level in the coming months.

Based on the current pattern, XRP could rally toward the $5 mark in the mid-term outlook. Source: CW via X

That outlook, however, hinges on XRP maintaining its bullish structure above April’s lows. A breakdown below $2.00 would cast doubt on the current rally and may send the XRP value spiraling back to the $1.80–$1.95 zone, where historical support lies.

Legal Clouds Still Hover, But Optimism Prevails

The ongoing XRP lawsuit with the U.S. Securities and Exchange Commission (SEC) continues to create an undercurrent of uncertainty. Yet, positive developments around the Ripple lawsuit—including regulatory clarity expected under the Trump administration—have helped ease some investor concerns.

XRP was trading at around $2.29 at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Ripple CEO Brad Garlinghouse has consistently voiced confidence in a favorable resolution, and speculation about collaborations such as Ripple Bank of America partnerships also feeds long-term bullish sentiment.

Meanwhile, XRP SEC lawsuits have yet to deliver a final verdict, but partial legal victories over the past year have already unlocked new possibilities for Ripple’s expansion, particularly on U.S. soil. Regulatory outcomes remain a wild card in Ripple crypto markets, but the fundamental strength of the Ripple ledger and rising demand on Ripple exchange platforms offer support.

Looking Forward: Cautious Optimism as Price Eyes Breakout

As of June 10, XRP’s market structure remains in a delicate balance. The presence of a double bottom, robust support near $2.25, and improving technical indicators are pointing to an impending move. A decisive close above $2.32 would likely trigger strong bullish momentum and put the $2.44–$2.52 zone within reach.

For traders and investors alike, the coming 24–48 hours may prove pivotal. While XRP awaits confirmation of its breakout, the broader sentiment is shifting toward cautious optimism—buoyed by both technical patterns and favorable Ripple news developments.

If the bullish setup holds and XRP price can reclaim higher resistance levels, the stage may be set for a longer-term rally that could eventually test the psychological $5.00 barrier. Until then, the battle between bulls and bears continues at a critical juncture.