XRP’s Triple Bottom Is Almost Complete. Here’s What Is Next
Crypto analyst EGRAG CRYPTO (@egragcrypto) has provided a focused update on XRP, pointing to a developing triple bottom formation that is approaching completion.
His latest chart shifts attention to the short-term structure, highlighting a critical phase where price action is actively testing key levels. The setup suggests XRP is moving through a decisive moment, with defined support and resistance zones now guiding the next move.
#XRP The 3⃣ Triple Bottom Is Almost Complete ( Update):
Today, I want To Zoom In and Not Zoom Out:
It seems we are just testing the break Down Structure which is around $1.65.
❌Invalidation is breaking back inside the white Range and breaking outside the descending channel…
— EGRAG CRYPTO (@egragcrypto) March 17, 2026
Price Tests Breakdown Structure at $1.65
EGRAG CRYPTO explains that XRP is currently “testing the break Down Structure,” placing immediate attention on the $1.65 level. This zone acts as a key pivot. XRP recently moved downward within a clear descending channel, forming lower highs and lower lows. The chart shows a controlled pullback rather than erratic movement, keeping the structure intact.
This test at $1.65 sits just above a broader support region. The reaction here matters. A firm hold keeps the structure aligned with the larger triple bottom formation. The chart also shows prior rejection near the upper boundary, point B, followed by a steady decline toward point C near current levels. This creates a clean A-B-C corrective structure within the wider trend.
XRP Support Levels to Watch
XRP entered this descending channel after its all-time high in July 2025, and has remained confined within the trendlines. Below $1.65, the analyst identifies two key support levels. He states, “$1.40 first line of support, if not, then we are heading back $1.22 minimal.” These levels align with visible historical demand zones.
The $1.40 level sits near the lower boundary of recent price consolidation. It also intersects with the prior structure, making it a logical first defense. If XRP reaches this level, traders will watch for strong buying reactions.
The $1.22 zone represents deeper support. It aligns with the lower edge of the broader range highlighted in the chart. A move to this level would still fit within the overall triple bottom structure, as long as the pattern maintains its symmetry.
Triple Bottom Structure Signals Larger Setup
The broader chart highlights a long-term triple bottom formation. This pattern forms after extended consolidation and often signals a strong upward move once confirmed.
The three distinct lows show consistent support over time. XRP has already completed two major bottoms. The current price action appears to be forming the third. If support levels hold and structure remains intact, it could confirm the pattern and kick-start a major bull run.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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