$XRP has formed a clear double-bottom pattern following a prolonged intraday downtrend. The aggressive sell pressure has clearly slowed, and buyers are now defending the lows around 2.15–2.16, which is a positive shift in short-term structure.

This is no longer a panic zone — it’s a reaction zone.

What the chart is telling us

Strong downtrend → loss of momentum

Two clear rejection wicks at the same demand zone (Bottom 1 & Bottom 2)

Price attempting to reclaim the short-term range high near 2.18–2.19

If bulls manage acceptance above this range, we could see a relief move.

🔼 Upside scenario

A sustained move above 2.19 opens the door toward:

2.23 → 2.26

Extension possible if momentum flips quickly

🔽 Downside risk

Failure to hold 2.15 would invalidate the base and expose:

2.12 → 2.08 liquidity zones