XRP Price Volatility: Double Bottom or Deeper Crash?

The price of XRP has been in a state of uncertainty, with some analysts predicting a possible double bottom while others foresee another decline towards $0.80.

According to crypto.news data, the token traded near $1.16 on June 9 after recovering from a recent low around $1.05. Despite gaining less than 1% over 24 hours, XRP remained down about 8% across seven days and 19% over one month.

A close above $1.40 would confirm a double-bottom structure, with analysts viewing this as the main test between a possible recovery and another decline. The token's market capitalization is around $71.8 billion, and daily trading volume is approximately $2.17 billion.