XRP News Today: XRP's $2 Breakout: 1,600% Gain Possible, Analysts Say

Renowned market analyst Gert van Lagen has made a bold forecast, suggesting that XRP is on the brink of a significant breakout. This prediction was echoed by crypto commentator Amonyx, who emphasized the importance of patience in the current market conditions. XRP is currently trading at $2.19, a critical level that could determine its future trajectory.

Van Lagen's analysis is based on a rare and powerful technical pattern: a seven-year double-bottom formation visible on the two-week chart. This pattern began with a major low of around $0.11 in March 2020, followed by a surge to $1.96 in April 2021. XRP then dipped again to $0.29 in mid-2022 before rallying back near $2.00 by the end of 2024, completing a textbook “W”-shaped bottom. Running parallel to this double bottom is an ascending triangle, a bullish continuation pattern marked by rising support levels and a horizontal resistance band around the $2 mark. The overlap of these two technical formations at the same price level strengthens the bullish case for XRP.

The $2 price point is not just another resistance level; it is the neckline for both the double-bottom and ascending triangle patterns. XRP broke this level in December 2024, rallying to as high as $3.40 in January 2025. Since then, XRP has pulled back to retest the $2 level multiple times and continues to find support there. This successful retest is crucial, as it often paves the way for a sustained rally according to traditional technical analysis.

Based on the height of the double-bottom formation, van Lagen projects a conservative target of $38 for XRP, an increase of more than 1,600% from current levels. He draws parallels with the 2013–2017 cycle, where XRP far surpassed its technical targets, suggesting that even $38 might be modest if bullish momentum builds. While many price predictions are often driven by hype, van Lagen’s projection is grounded in long-term structural patterns and historical performance.

The optimism surrounding XRP is not limited to technical analysis. Ripple’s legal battle against the U.S. SEC is approaching a critical stage; a favorable ruling on the motion before the court will be vital to removing a cloud of regulatory uncertainty that has loomed for years. This could position XRP for broader institutional adoption. However, recent on-chain data shows a rise in open interest, much of it likely driven by leverage, suggesting a mix of speculative activity. While this can boost price action in the short term, it also adds risk and volatility.

Van Lagen’s thesis, amplified by Amonyx, comes with a clear warning: patience is essential. XRP’s $2–$3 range may act as a pressure zone, shaking out short-term traders before a true breakout. But for those willing to wait, the setup could lead to a once-in-a-cycle move. The technical and fundamental pieces are aligning. With XRP hovering just above its critical neckline, the market may soon decide its next chapter. As Amonyx put it, “Are you ready?” For many XRP holders, this could be the moment they’ve been waiting for.