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.
Naturally, 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.
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.
However, 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.
