XRP Primed for Explosive Rally: Macro Strategist Targets $34 as 7-Year Double Bottom Pattern Concludes

XRP's moment may finally be here—after seven years of sideways action, a key technical pattern suggests a massive breakout.

The Setup:
A textbook double-bottom formation—the kind that makes chartists drool—has completed its retest phase. This isn't amateur-hour TA; it's the same pattern that preceded Bitcoin's 2017 and 2021 bull runs.

The Target:
$34 isn't just a random number. It's the 1.618 Fibonacci extension of XRP's 2018 collapse—a level that would vaporize bears and have crypto Twitter screaming 'I told you so' through Lambo sunroofs.

The Catch:
Of course, this assumes the SEC doesn't suddenly rediscover its hatred for crypto—or that some whale doesn't dump at $33.99. Welcome to digital asset 'investing.'

XRP 2W Chart | Gert van Lagen XRP Now Targets $34 After Successfully Retesting the Breakout After soaring further to a peak of $3.4 in January 2025, XRP corrected to retest the breakout at the neckline. This was an essential part of the breakout, as it helps to assess if the breakout was strong enough to usher in the upsurge. In such a case, if the token drops back into the double bottom structure, it invalidates the breakout. Notably, XRP held the support at the neckline to maintain the breakout during its five-month consolidation. Now, amid the latest market-wide recovery that ensued this month, XRP appears to have surged past the neckline support, as it reclaims the $3 mark. As a result, van Lagen insists that it has completed the retest. From here, the analyst predicts XRP's first target is the $34 price, representing a 1,600% increase from the neckline breakout at $2. Interestingly, earlier this year, EGRAG, another market commentator, predicted XRP could soar to the $34 price level, citing positive indicators from the XRPBTC chart.  Meanwhile, in his analysis, van Lagen based his target on historical context from the 2014 to 2017 market session. Specifically, from 2014 to 2017, XRP formed a similar double bottom structure. The breakout from this structure led to an explosive rally that saw XRP hit $0.3988 from the $0.028 neckline.