XRP Forms Triple Bottom, Potential Rebound to $2.50
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Price Trend Analysis: XRP is currently trading at $1.8700, down nearly 50% from its yearly high, indicating weak market demand and a cautious investor sentiment regarding future price movements.
- Technical Patterns Formation: The daily chart shows XRP has formed a triple bottom and an inverse head-and-shoulders pattern, suggesting a potential short-term rebound, with a breakout above $2.50 representing a possible 35% increase.
- Declining Market Liquidity: XRP's futures open interest has dropped from over $10 billion at the start of the year to $3.48 billion, indicating low market demand and liquidity, which could impact price stability.
- Key Catalysts: Despite price fluctuations, XRP has secured SEC approval for several ETFs with over $1.2 billion in inflows this year, while the Ripple USD stablecoin has surpassed $1.4 billion in assets, reflecting long-term market confidence in XRP.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







