XRP Price Prediction: Can Double Bottom Setup Still Drive XRP Toward $13?

XRP price traded near $1.08 on Wednesday as sellers kept control below the $1.10 level. The token extended a four-day decline while risk appetite weakened across the crypto market. Fresh chart analysis now places a long-term double bottom setup beside weaker demand signals. The main question is whether that structure can still support a move toward $13.

XRP Price Prediction: Double Bottom Setup Keeps $13 Target in View

Crypto analyst EGRAG Crypto shared an updated monthly XRP price prediction that tracks the 111-week moving average, the Super Guppy, and a possible bottom formation. The chart compares the current market structure with earlier cycles where XRP formed a double bottom below the Super Guppy before a strong expansion.

The analyst’s roadmap places $1.42 as the early reclaim area and $3.59 as a major resistance level. It also marks $5.41 to $6.69 as the next expansion zone, while $9.09 stands near the 1.618 Fib level. The upper projection sits around $13.82 if the larger pattern continues.

XRP crypto still trades far below the projected targets, and price must first recover key nearby levels. A clear move above short-term resistance would give the structure more room to develop.

XRP Price Faces Pressure as Demand Slows

XRP price continued to trade under selling pressure amid broader market weakness. The price moved below $1.10, while traders watched support near $1.05 and the Parabolic SAR area near $1.02. A break below that zone could invite more selling in the short term.

Demand from XRP spot investment products also stayed quiet. SoSoValue data showed no flows on Monday and Tuesday, which pointed to limited fresh buying activity. Total cumulative inflows stood at $1.49 billion, while net assets reached about $1.02 billion.

On-chain activity also cooled during the latest pullback. Santiment data showed active addresses near 14,500 on Wednesday, down from about 31,000 one day earlier. The number had reached around 43,000 on June 30, so the drop showed weaker network use.

Technical Levels Show Near-Term Resistance

XRP price traded below its main daily exponential moving averages, which kept the near-term structure weak. The 50-day EMA sat near $1.18, while the 100-day EMA stood around $1.28. The 200-day EMA remained higher near $1.49.

These levels form a layered resistance zone above the current price. A move above $1.18 would place attention on $1.28, then $1.49. Until buyers clear those levels, the market could struggle to build a stronger recovery.

Momentum indicators also showed a cautious setup. The RSI below the midline reflected limited buying strength. The MACD stayed slightly positive, but it had not yet shifted the broader daily structure.

A sustained rebound would also need stronger trading volume. Without that support, short rallies can lose pace near moving averages. This keeps the next daily closes important for traders watching trend confirmation.

XRP Futures Activity Points to Cautious Traders

The XRP futures market also showed weaker retail demand. CoinGlass data placed futures Open Interest near 2.13 billion XRP on Wednesday, only slightly higher than 2.12 billion XRP a day earlier. That figure remained below the 2.38 billion XRP level seen on June 23.

Lower Open Interest shows fewer active leveraged positions in the market. It can also reduce the force behind a recovery when spot demand stays limited. For XRP, that makes reactions near $1.05 and $1.02 important.

The monthly structure still supports the $13 target only if buyers defend key support and reclaim overhead resistance. XRP needs to reclaim $1.18, then build strength above $1.28, before the wider roadmap gains support.