Crypto analyst Steph warns $XRP investors of possible double bottom near $1.30 support

Super Trend Indicator Signals Deja Vu

Steph employed the Super Trend indicator, which displays green to indicate bullish conditions and red for bearish. He observed that XRP has remained in a bearish pattern on this indicator since July 2025. Last week, a sharp move in the price pushed XRP up to challenge the Super Trend’s upper boundary near $1.42.

He noted that a similar scenario unfolded in 2022: after an extended period of weakness, XRP spiked with a single large candle to approach the indicator’s resistance. Following this, the price hovered at the top before dropping further to form a double bottom. The double bottom subsequently led to a strong reversal to the upside.

Steph highlighted the resemblance between XRP’s current setup and the price action in 2022, stating that the recent rally toward $1.42 echoes the earlier pattern, which was followed by a steep decline before recovery.

Double Bottom Likely Before Reversal?

By overlaying 2022’s price data on today’s chart, Steph illustrated a close resemblance between the two periods. Based on this parallel, he mapped out a scenario where XRP may dip below $1 to form a double bottom, thus providing a launchpad for a potential reversal. However, he cautioned that such a development is not guaranteed, emphasizing the need for caution.

Mini dictionary: Super Trend indicator, a trend-following technical tool that generates buy or sell signals based on price action and volatility, marking bullish zones with green and bearish with red, commonly used to identify possible trend reversals.

Key Support, Recent Price Action, and Volume Zone

XRP recently recorded a rapid rally, increasing by around 71% in a brief window. Steph described the subsequent price action as normal consolidation following a large upward move. He noted that XRP now trades within a significant volume range, which was formed from February to May 2026. The lower edge of this accumulation zone is around $1.30. Steph suggested that a retest of this $1.30 level remains plausible before any new attempt at higher prices.

As long as XRP holds above $1.30, Steph argued, the short-term bullish trend remains intact. However, a sustained break below $1.30 could signal a renewed downturn and would be a cause for concern for near-term traders.

Steph indicated that XRP’s ability to hold above $1.30 is critical for maintaining the short-term bullish trend, while a break below this level could mark a significant shift in market sentiment.

Search Volume and Market Psychology

Google search activity for XRP reached its highest point on August 22, coinciding with the peak just below $1.70. Since then, search volume has dropped to a seven-day low, a pattern Steph believes lines up with the technical consolidation underway. He viewed this decreased interest as normal during sideways price action and not necessarily bearish for the long term.

He interpreted current conditions as a period of ‘quiet consolidation’ that often precedes larger price moves, and suggested a bullish flag pattern may be forming. The $1.30 mark remains the key boundary for this bullish structure.