XRP Price Forms a Rounded Bottom – Is a Breakout To $3 Imminent?

XRP’s shift in market performance has created major swings, which have made investors doubt the possibility of substantial upward movement. XRP suffered substantial price drops, declining by close to 50% from its peak in 2024 and extending into early 2025. Despite the drop, the market shows positive signs, as various experts express renewed optimism. Research suggests XRP could start a prominent upward rally toward $3.

Rounded Bottom Pattern – Is a Bullish Reversal Imminent?

Crypto analysts have detected an important technical trend in XRP price movements, describing a rounded bottom pattern inside a declining channel. The rounded bottom pattern serves as a chart indicator of an upcoming bullish trend after the recent dip. XRP price maintains its position inside a descending channel, which should be interpreted as negative for future price movements. Positive signals emerge for the pattern when the price gets near the bottom trend line.

Image 1- XRP Rounded bottom pattern, published on X on April 10, 2025

Support at $1.6 has acted like a pivotal barrier, stopping XRP from plunging and enabling the bulls to gain strength for an upward trajectory. The perceptive analysis points toward XRP maintaining this position to kick start a resurgence that might lead it toward the key resistance at $2. The cryptocurrency may trigger a bullish trend after surpassing its resistance level, potentially hitting $3.

Key Support and Resistance Levels To Watch

Based on the evaluation findings, investors should consider buying XRP when the price reaches between $1.70 and $1.85. This specific price area represents a favourable spot for traders because it encompasses the rounded bottom pattern formation and enables traders to join possible upward trends. After surpassing $2, traders should track two resistance ranges from $2.0 to $2.2.

🚨 XRP is painting a textbook rounded bottom – $3+ in sight? 👀

While CT is chasing memecoins, $XRP is quietly setting up for a potentially historic breakout.

Here’s what the chart says – and it’s NOT noise:

🔸 Rounded bottom pattern forming on the daily
🔸 Price recently… pic.twitter.com/HLcUdnILSS

— Ivan Barsuk (@IvanBarsuk) April 10, 2025

The breach above these resistance points would create conditions for the XRP price to establish new heights above its historical peaks. According to crypto analysts, three price targets exist for XRP under a bullish trend: $2.3385, $2.8160, and $3.3062. The XRP price will experience a substantial surge when it reaches the $3 psychological and technical milestone after breaking through the key resistance zones mentioned. 

The Risk of a Bearish Scenario

Despite the bullish optimism surrounding XRP, the possibility of a bearish reversal still looms. The continued price rise depends on XRP maintaining its $1.6 support level. If market support fails to hold up its value, the price shows signs of continuing its downtrend toward the $1.3 level. A decrease to this price point would indicate a severe market pullback in progress, tiling the odds towards the bears.

Image 2- XRP Price, provided by Emmaculate, published on TradingView on April 10, 2025

Despite the positive outlook, traders must remain vigilant because the key support areas and rising buy sentiment may not eliminate the possibility of a bearish movement. Support at $1.6 should persist for the XRP price to break out from its current position, yet failed support could prompt additional market declines.XRP is at a critical decision point that reveals both crucial support zones undergoing challenges and indicators of possible market upward movement. Investors need to watch ongoing chart signals because these will help maximize potential upward movements and control additional price downtrends. Maintaining market awareness remains vital because strategic decisions need modifications based on emerging market conditions.