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XRP is trading at $1.21, down 4.14% over the past 24 hours, and is underperforming the broader crypto market. On the weekly chart, the token is still holding the critical $1.13 support level, which has contained selling pressure throughout the current bear market. However, the larger bearish trend has not yet reversed, and there is no structural confirmation of a bottom.
A double bottom pattern, or “W” pattern, is developing on the four-hour XRP chart within a resistance zone between $1.18 and $1.19. XRP has been struggling to close convincingly above this range, with candles that briefly push through but fail to sustain the move.
The double bottom has already played out and confirmed on Bitcoin’s chart. XRP is still at the potential breakout stage, while Bitcoin has cleared its equivalent resistance and moved toward the next target. This lag aligns with a broader pattern in which major altcoins often follow Bitcoin’s price action with a delay.
A confirmed breakout above $1.19, supported by sustained closes above that level, would set up a technical target near $1.29—roughly a 9% to 10% move from the breakout point. Resistance along the way is around $1.24, which could slow any rally before the $1.29 target is reached.
If XRP breaks out but then falls back below $1.18, the pattern would be invalidated and the associated price target would no longer apply. The $1.13 weekly support remains the key floor needed to keep the broader structure intact.
XRP has been consistently underperforming Bitcoin during the current recovery. Even if the double bottom confirms and a breakout occurs, XRP may not deliver the same percentage return as Bitcoin’s equivalent move or as Solana’s recent breakout. The setup may offer direction, but the expected magnitude should be considered in light of XRP’s relative weakness.
At present, $1.13 support is holding while $1.18 to $1.19 resistance is being tested. The market is effectively navigating a decision zone bounded by those two levels.
