XRP Price Forecast: Double Bottom Around $1.80 Indicates Possible Reversal Towards $2.70
XRP traders are closely monitoring the market for signs of a potential momentum reversal as emerging technical patterns and shifting sentiment hint at a change in direction near a key support level. The price movements of XRP are currently displaying classic reversal signals after a period of consolidation, with reduced volatility and measured buying activity pointing towards possible short-term directional shifts in the volatile crypto landscape.
One notable pattern being observed on XRP’s 4-hour chart is a double bottom formation near the $1.80 support level. This pattern, identified by TradingView analyst Steph iscrypto, involves two successful rebounds in recent sessions, suggesting a potential bullish reversal if confirmed by subsequent price action. As of December 4, 2025, XRP is trading around $2.15, with the double bottom formation signaling a potential move towards the $2.70-$3.10 range if a sustained move above $2.22 with above-average volume occurs.
However, the double bottom scenario is not without risks. Failure to maintain the $2.00 support level could invalidate the pattern, signaling a continuation of the broader downtrend. Despite the positive technical signals, broader market data reveals ongoing downward pressure on XRP. As of December 5, 2025, XRP remains around $2.09, struggling to surpass intermediate resistance levels, with spot market flows indicating steady distribution rather than panic selling.
Technical indicators such as RSI and MACD are showing neutral to bearish readings, suggesting caution. Additionally, sentiment analysis using Santiment’s Fear & Greed Index indicates elevated fear levels among investors, with social sentiment hitting a low not seen since October 2025. Historically, periods of extreme fear have sometimes preceded short-term price rebounds, highlighting the potential for contrarian trading strategies based on sentiment extremes.
Long-term projections for XRP vary among analysts. Some, like crypto analyst Jainam Mehta, point to a monthly chart pattern indicating a bullish flag with a speculative target of $15. Mehta also notes the impact of institutional demand, including ETF-related accumulation, on liquidity and price movements. On the other hand, some analysts remain cautious, noting the persistent bearish order block in the $2.40-$3.00 range and technical indicators suggesting limited momentum.
Traders and investors are advised to interpret these signals as informational rather than predictive and stay informed about upcoming market developments that could influence XRP’s price trajectory. The crypto market’s unpredictability and sensitivity to various factors underscore the importance of conducting thorough research and risk management strategies when trading digital assets like XRP.
