Content Writer
Harvey Hunter
Content Writer
Harvey Hunter
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With the formation of a double top on its most recent $3.66 high, the near-term XRP price outlook has flipped bearish and casting doubt over the wider bullish trend in question.
While bull run sentiment has driven deeper capital rotation into altcoins, momentum may have overextended. The altcoin season index has dropped sharply from 59 to 43.
With the GENIUS Act now signed into law and the CLARITY Act expected to follow in October, bullish catalysts now extend well beyond “Crypto Week,” setting a stage for continued upside.
But without final action, institution-driven demand remains sidelined, awaiting regulatory clarity. This is a key sticking point for XRP, given its ongoing legal battle with the SEC over its classification.
XRP Price Analysis: Is the Bull Run Already Over?
The wider XRP uptrend may still be intact, as the double top pattern nears completion and sell pressure begins to show signs of weakening.
Most of the pattern’s expected downside appears to have played out, with the XRP price now hovering near its projected bottom at $2.79, just 8.3% below current levels—setting the stage for a possible reversal.
Momentum indicators support this outlook. The RSI is rebounding from oversold territory, forming a higher low, a potential early signal that sellers are losing strength.
More so, the MACD is closing in on the signal line, suggesting growing bullish momentum. A golden cross here could mark the start of a new uptrend.
If $2.79 proves to be support, a reversal could set XRP back on its wider uptrend to reclaim the neckline as support, and break through the past $3,66 high to target the next milestone at $4 for a potential 30% gain.
If $2.79 holds as support, a reversal could XRP climb to reclaim the neckline, setting up a retest of the previous $3.66 high.
A breakout from there would target the next key milestone at $4 as XRP enters price discovery territory, offering a potential 30% upside.
XRP Misses The Biggest Narrative This Cycle
The truth is, XRP has been in the background for months as traders chased fresher narratives. On the speculative scene, attention is the fuel that drives price moves.
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