XRP fell 4.14% over the last 24 hours, now trading at $1.21, while the wider crypto market maintained modest gains.
Weekly Support and Market Trend
The token’s weekly chart still respects the $1.13 support level, which has absorbed selling pressure throughout the current bear market. Despite this cushion, the broader bearish trend has not yet reversed, and investors have not observed any structural signal of a bottom.
Four‑Hour Double Bottom Formation
A classic double‑bottom (W) pattern is emerging on the four‑hour XRP chart, centered between $1.18 and $1.19 resistance. Candles repeatedly breach the zone but fail to sustain gains, indicating that the breakout remains unconfirmed. Bitcoin already cleared a comparable resistance and advanced toward its next target, a lag that mirrors the typical behavior of altcoins trailing Bitcoin’s price moves.
Potential Targets and Risk Zones
Should XRP close decisively above $1.19, technical analysis projects a rally toward roughly $1.29, a 9‑10% move from the breakout point, with interim resistance near $1.24. Conversely, a retreat below $1.18 would dismantle the pattern and erase the upside projection, while the $1.13 weekly support continues to act as a floor for investors monitoring the blockchain asset.