Despite a slight pullback over the past week, the token is currently trading at $3.09, with a 24-hour drop of 1.36% and weekly losses nearing 5%. Yet, technical analysts suggest a bullish pattern may be taking shape.
Prominent crypto analyst Ali believes XRP could be forming a classic double bottom — a reversal setup that typically signals the end of a downtrend. In his latest chart analysis, Ali points to the $3.30 resistance level as a critical breakout trigger.
A confirmed close above that threshold could send XRP toward $3.60 in the short term.
XRP’s current market cap stands at $183 billion, supported by strong daily trading volume of nearly $6 billion. The renewed optimism comes amid broader expectations that XRP could benefit from regulatory clarity and increasing institutional interest.
As technical signals align and trading activity picks up, all eyes are now on whether bulls can reclaim the $3.30 mark — a move that could reignite the rally and test new highs.
The post XRP News Today: New Setup Could Trigger Major Rally appeared first on Coindoo.
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