XRP Carves W Pattern, Sets Sights on $3.25 Amid XRPL's Smart Contract Move
XRP has carved a recognizable W (double-bottom) pattern on short-term charts, pushing technical traders to set a near-term target around $3.25. The breakout attempt comes alongside rising volume and renewed buying interest, signaling that momentum could favor higher levels if key resistance is cleared. Market participants and chart analysts are watching confirmation on sustained closes above the pattern’s neckline before labeling the move definitive.
The bullish technical setup coincides with XRPL’s rollout of native Layer-1 smart contracts, a development expected to expand scalability, DeFi and NFT use cases on the ledger. That fundamental upgrade could increase on-chain activity and token demand, providing a structural tailwind for XRP — though execution risks and overall crypto market volatility remain. Traders should weigh both technicals and the pace of XRPL adoption when assessing upside potential toward $3.25.