XRP Price Outlook: Double Top Pattern Signals Caution – Has the XRP Rally Come to an End?

Following the emergence of a double top at the recent $3.66 peak, the short-term outlook for XRP has turned bearish, raising concerns about the broader bullish trend in question.

Despite bullish sentiment propelling significant capital movement into altcoins, the momentum may have surpassed sustainable levels. The altcoin season index has sharply declined from 59 to 43.

Altcoin Season Index. Source: Coinglass.

Now that the GENIUS Act has been enacted and the CLARITY Act is anticipated to follow in October, bullish catalysts extend beyond just “Crypto Week,” creating an environment conducive to continued upward movement.

However, until definitive actions are taken, institutional demand remains on the sidelines, waiting for regulatory clarity. This is a crucial issue for XRP, particularly due to its ongoing legal dispute with the SEC concerning its classification.

: The CLARITY Act has simplified matters:
If a blockchain is decentralized → It’s categorized as a commodity (CFTC)
If it isn’t → It’s considered a security (SEC)
This means projects like $XRP could finally receive approval! pic.twitter.com/oB7bWNCf7B

— 𝕏aif| (@Xaif_Crypto) July 21, 2025

XRP Price Analysis: Is the Bull Run Already Concluded?

The broader XRP uptrend might still be preserved, as the double top formation approaches completion and selling pressure begins to diminish.

XRP / USDT 4-hour chart, double top pattern. Source: TradingView, Binance.

Most of the anticipated downside from this pattern seems to have occurred, with the XRP price currently lingering near its projected bottom at $2.79, just 8.3% below present levels—creating the potential for a reversal.

Momentum indicators reinforce this perspective. The RSI is recovering from oversold conditions, establishing a higher low, indicating a potential early sign that sellers are losing their grip.

Additionally, the MACD is nearing the signal line, implying an increase in bullish momentum. A golden cross here could signify the beginning of a fresh uptrend.

If $2.79 holds as support, a reversal could enable XRP to resume its broader uptrend, reclaiming the neckline as support and surpassing the previous $3.66 high to aim for the next target at $4, suggesting a possible 30% gain.

Should $2.79 serve as support, a turnaround could see XRP reclaim the neckline, setting the stage for a retest of the earlier $3.66 peak.

A breakout from that point would focus on the next significant milestone at $4 as XRP enters a price discovery phase, presenting a potential 30% upside.

XRP Misses The Most Significant Narrative This Cycle

In reality, XRP has remained in the background for months while traders pursued newer narratives. In the speculative realm, attention is the energy that propels price movements.

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We are at a critical juncture.
Numerous launchpads will emerge.
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— Murad (@MustStopMurad) July 8, 2025

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