XRP Sets Sights on Bullish Double Bottom Pattern
XRP’s technical setup has caught the eye of renowned market analyst EGRAG CRYPTO, who highlights the cryptocurrency’s potential to form a classic double bottom if it retests the $2.80 zone, an occurrence that could mark one of the most bullish patterns in crypto this year.
According to EGRAG’s chart-based analysis, XRP recently established two distinct support levels at approximately $2.81 and $2.91, with a critical “neckline” setting just above $3.00.
A clean breakout above that neckline could validate the pattern and spark a bullish reversal, potentially pushing the token toward resistance targets in the $3.15–$3.31 range.
Meanwhile, EGRAG underscores the importance of the $2.80 area for maintaining bullish momentum. As long as XRP holds above that level, he considers it bullish, encouraging investors to stay calm and focused rather than succumbing to fear-driven trading, which can cloud judgment.
This double bottom thesis carries technical weight, as the pattern often signals a trend reversal when confirmed. Combined with sustained buying above $2.80, XRP appears well-positioned to challenge short-term resistance, assuming bulls defend current support and drive it decisively above $3.00.
Compounding the technical outlook is broader market optimism. XRP has seen modest gains alongside Bitcoin and Ether, buoyed by expectations of Federal Reserve rate cuts and strengthening macro sentiment as the the 3rd-largest cryptocurrency by market cap continues to hold the psychological price of $3.
Galaxy Digital’s XRP Holdings Surge to $34.4 Million
Galaxy Digital’s Q2 2025 SEC filing reveals a bold move into altcoins, disclosing 15.39 million XRP worth $34.4 million, marking a clear expansion beyond its core crypto holdings.
Interestingly, just six months ago, Galaxy held zero XRP. Now, with $34.4 million invested, this move signals a calculated, strategic commitment not a mere speculative trial.
This strategic addition comes amid broader portfolio transformation. On the same filing, Galaxy also reported 17,102 BTC, up dramatically from Q1 and valued near $1.8–$1.95 billion, while Ethereum holdings dropped from 155,000 ETH to approximately 90,500.
Furthermore, Galaxy’s total digital asset portfolio surged to approximately $3.56 billion by quarter end, which is an increase from about $2.93 billion at the end of 2024 driven by crypto price appreciation and the recent shift in asset composition.
Therefore, Galaxy’s pronounced entry into XRP reflects an evolving belief in the token’s utility, particularly amid legal clarity surrounding Ripple and growing institutional acceptance.
As more companies embrace XRP as a treasury asset, Galaxy appears poised to lead the charge.
Conclusion
Galaxy Digital’s swift incorporation of XRP signals both opportunistic positioning and strategic diversification beyond Bitcoin and Ethereum.
Buoyed by its rebounding financials and expanding digital asset base, the firm appears poised to further shape the evolving institutional crypto landscape.
Meanwhile, if XRP retests and holds the $2.80 zone, forming a validated double bottom, it could mark a compelling bullish setup. A breakout above $3.00 might usher in short-term rallies toward $3.15–$3.31, backed by EGRAG’s technical confidence and broader market tailwinds.
