XRP Price Forms Double Top, This Structure Says A Crash Is Coming | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP price seems to be in a slowdown after a sharp rally that put it just shy of its $3.8 all-time high. Despite the bullish developments that have emerged for Ripple and XRP over the last few months, its inability to reach new highs has suggested the altcoin might not have as much strength needed to continue. Now, another bearish development has piled on as crypto analyst Tradersboat has pointed out the formation of a double top on the chart.

XRP Price Double Top Says Rally Could Be Over

In the analysis, Tradersboat pointed out that the XRP price has already hit a double top, which often marks the end of a rally. This comes as the altcoin has been tapping into external liquidity, and there has been an exhaustion on the buyer side. The result is the double-top above the $3.6 but still below its $3.8 peak.

Related Reading: Analyst Warns XRP Investors About Banks, Here’s WhyNaturally, a double top shows that the end is in sight and the result is usually a price crash, something the analyst alludes to. However, the chart does show that there is the possibility of one more uptrend. This is the upward sweep that will help to grab liquidity from above the $3.7 level before the trend plays out completely.

In addition to the double top formation, the crypto analyst also explains that there has been a Break of Structure (BOS). Historically, Break of Structures shows that bears are beginning to take charge, adding to the already bearish intent of the double top. Both these things point to one possible end game, and that is a price crash.

The XRP price had already swept the highs above to trigger the resistance at $3.6, indicated by the rejection from this level. So, a clean break was not achieved here. Given this, the analyst expects that there will be a sell-off back toward the sell-side liquidity zone, and this happens to lie below $3.4, with a possibility of further breakdown.

Source: TradingView## Closing In The Green For July

So far, the month of July has been quite bullish for the XRP price, pushing over 55% gains already for the month, CryptoRank shows. This is in line with the 5-year streak that has been maintained as XRP has closed each July of the last five years in the green, and 2025 is proving to be no different.

Related Reading: How Ripple Is Taking On SWIFT To Grab 14% Market Share As XRP Price SurgesHowever, if the altcoin does stay true to trend, then there is a possibility that the price does crash in the month of August. With an average crash of over 12% in the last three years, the analyst’s prediction could likely play out in the month of August, which remains one of the most bearish months for the XRP price.

Price struggles to hold up against sell-offs | Source: XRPUSDT on TradingView.comFeatured image from Dall.E, chart from TradingView.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.