XRP News Today: XRP's 7-Year Pattern Validates $34 Target as Bull Case Unlocks

Analyst Gert van Lagen has affirmed that XRP has completed a critical retest of a long-term bullish pattern, which could propel the cryptocurrency to $34 in the next rally. Van Lagen’s assessment is based on a 7-year double bottom breakout pattern, a structure that has been intact since XRP's January 2018 peak of $3.31. The pattern’s confirmation came after months of consolidation, with XRP testing the neckline at $1.96 to $2 without breaking below it. This retest, according to van Lagen, validates the structure and signals a potential surge in the near term.

The double bottom pattern, identified by van Lagen, began after XRP hit its 2018 high of $3.31 before falling to $0.1140 in early 2020. A recovery to $1.96 in 2021 established the neckline, and the second bottom was confirmed in November 2024 after XRP dropped to $0.28. Van Lagen notes that the current setup closely mirrors the pattern seen from 2014 to 2017, where XRP moved from a $0.028 neckline to a peak of $0.3988. If the current pattern follows a similar trajectory, the $34 target represents a 1,600% increase from the neckline.

The analyst’s prediction is supported by the technical indicators currently in play. XRP has recently climbed above $3 amid a broader market recovery, indicating a resumption of the uptrend. Van Lagen emphasizes that the pattern’s size and duration support a substantial price expansion. This view is echoed by other analysts, such as EGRAG, who also see $34 as a potential milestone. The alignment of these forecasts strengthens the bullish sentiment around XRP’s near-term price outlook.

Meanwhile, macro investor Raoul Pal has added to the optimism surrounding XRP, predicting that it could put investors in the top 1% by 2030. Pal argues that XRP’s historical performance suggests a potential breakout in late 2025, much like the one seen in 2017. During that period, XRP surged nearly 69,000% after a consolidation phase. Pal also highlighted the broader context of crypto as a key wealth-building asset, citing the potential for the entire crypto market to reach $20–50 trillion in value this decade. He attributes this growth to the erosion of trust in traditional banking and the debasement of fiat currencies, making digital assets an attractive alternative for wealth preservation and growth.

Recent developments in the regulatory landscape further support a positive outlook for XRP. The U.S. Securities and Exchange Commission (SEC) has dropped its legal case against Ripple, a decision that aligns with a broader shift toward clarity in crypto regulations. SEC Chair Paul Atkins and Commissioner Hester Peirce have both emphasized the need to move away from a “regulation by enforcement” approach and focus on building a clear framework for digital assets. This shift reduces legal uncertainty for companies like Ripple and opens the door for greater institutional adoption of XRP. Ripple CEO Brad Garlinghouse has described the resolution as a “victory and a long overdue surrender from the SEC.”

The regulatory environment has also seen similar developments with other major players in the crypto space. The SEC recently dropped its case against Binance, further signaling a more accommodative stance toward the industry. These developments suggest that the crypto sector is entering a new phase characterized by reduced legal risk and increased institutional interest. As the regulatory landscape becomes clearer, XRP’s prospects for adoption in cross-border payments and institutional use are likely to improve.

Taken together, the technical analysis, regulatory developments, and macroeconomic forecasts paint a compelling case for XRP’s potential breakout. With a confirmed pattern, bullish technical indicators, and a supportive regulatory environment, XRP appears well-positioned for a significant price movement in the coming months.

Source:

[1] XRP Ready for 1600% Rally After Confirming 7-Year Bullish Breakout (https://coincentral.com/xrp-ready-for-1600-rally-after-confirming-7-year-bullish-breakout/)

[2] Raoul Pal Says XRP Could Put Investors in the Top 1% by 2030 (https://coinpedia.org/news/raoul-pal-says-xrp-could-put-investors-in-the-top-1-by-2030/)

[3] The Biggest Crypto Cases Dumped by Trump's SEC (https://finance.yahoo.com/news/coinbase-ripple-biggest-crypto-cases-202640480.html)

[4] SEC Focuses On 'Clear' Crypto Regulatory Framework After Ripple Case Dismissal, Hester Peirce Says (https://cryptorank.io/news/feed/3095e-sec-focuses-on-clear-crypto-regulations-after-ripple-case-dismissal-hester-peirce-says)

[5] The SEC Just Changed The Game For Liquid Staking—Here's How (https://finance.yahoo.com/news/sec-just-changed-game-liquid-134603901.html)