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Double Bottom Alert: Is Ripple’s XRP Set for a Bullish Breakout?
Jul 31, 2025
< 1 min read
by Olivia Stephanie
for CryptoPotato
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TL;DR
- XRP defends $3.05–$3.10 support zone, forming a potential double bottom on the 4-hour chart.
- Exchange balances fall while wallet count nears 7.3M, signaling long-term holding activity.
- On-chain activity rebounds to 1B tokens as network use increases ahead of August.
Chart Structure and Support Zone
Ripple (XRP) continues to trade above a key support range between $3.05 and $3.10. This area has served as a foundation for several rebounds throughout July. Each time the price approached this zone, buyers stepped in to defend it. That behavior has kept the structure of the chart steady.
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