XRP Investors Warned of Possible Double Bottom Near $1.30 Support

Crypto analyst Steph has issued a warning to XRP investors about a possible double bottom pattern forming near the $1.30 support level.

According to Steph, this setup is similar to what occurred in 2022, where XRP spiked with a single large candle to approach the Super Trend's upper boundary before dropping further to form a double bottom.

The double bottom subsequently led to a strong reversal to the upside, and Steph believes that XRP may follow a similar path this time around.

XRP recently recorded a rapid rally of around 71% in a brief window, but has since consolidated within a significant volume range formed from February to May 2026.

The lower edge of this accumulation zone is around $1.30, and Steph suggested that a retest of this level remains plausible before any new attempt at higher prices.