XRP Formed a Double Bottom Near $1 This Summer: Will It Hold or Break Down?

XRP carved out a rare double-bottom pattern near $1 this summer and surged, but now buyers face a critical test as the coin pulls back toward the very neckline that sparked the rally.

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XRP (CRYPTO: XRP) formed a double-bottom pattern near the $1 mark this summer. After dropping to around $1.01 on June 26, 2026, it closed at approximately $1.03 on August 6, before buyers stepped in. After that, the coin surged nearly 46% to $1.53 by late September.

However, XRP has since given back some of those gains. As of October 10, it was trading around $1.41, down about 5% over the past week and approximately 61% below its all-time high of $3.65.

So, the question remains: Is the XRP double bottom still holding, or is the coin headed back toward its summer lows?

What Is a Double Bottom Pattern, and When Is It Confirmed?

A double bottom is a chart pattern that resembles the letter “W.” Price first falls to a level, bounces back, drops again to a similar level, and then holds that low. Traders interpret this second hold as a sign that buyers are supporting the price, as it returned to the same level twice.