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Tag: double-bottom structure signaling

XRP Price Today: XRP Forms Bullish ‘W’ Pattern as Traders Eye Breakout Above $2.53

The post XRP Price Today: XRP Forms Bullish ‘W’ Pattern as Traders Eye Breakout Above $2. 53 appeared com. XRP is showing renewed signs of bullish momentum as technical indicators flash a potential breakout signal, with traders closely watching the emerging ‘W’ pattern that could ignite a rally toward $3. 25. After several days of consolidation, the XRP price is building strength near a critical resistance zone, sparking optimism among market participants. However, growing whale activity and profit-taking suggest that traders remain cautious, waiting for stronger confirmation before committing to the next leg up. XRP Price Holds Steady Amid Profit-Taking and Rising Volume As of November 11, 2025, XRP trades at $2. 45, marking a modest 1. 16% daily decline from $2. 48. Despite the dip, trading volume surged by more than 34%, reaching $6. 14 billion in the last 24 hours. Such an increase in volume during a pullback often signals repositioning among traders rather than panic selling, indicating potential accumulation ahead of XRP’s next move. XRP was trading at around $2. 45, down 3. 15% in the last 24 hours at press time. 75%, pushing its total market capitalization to roughly $147. 5 billion. The trend suggests that while short-term selling persists, the broader structure remains bullish as long as prices hold above the $2. 15-$2. 20 demand zone. Analysts Spot Bullish ‘W’ Formation Technical analysts are paying close attention to a bullish “W” pattern forming on the 12-hour XRP/USDT chart, a classic double-bottom structure signaling reversal potential. According to crypto trader Steph_iscrypto, “support around $2. 00 remains firm, with a possible breakout above $2. 53 that could propel XRP toward $3. 25 if volume confirms the move.” The analysis highlights a bullish “W” pattern on the 12-hour XRP/USDT chart, indicating strong support at $2. 00 and a possible breakout above $2. 53 toward $3. 25.