XRP News Today: XRP Poised for 1,238% Gain as Bullish Pattern Confirmed

Renowned Dutch market expert Gert van Lagen has expressed his bullish outlook on XRP, suggesting that the cryptocurrency is poised for a significant upward movement. Van Lagen's analysis is based on a double bottom formation that has developed over the past seven years, a pattern that is considered one of the longest-standing bullish reversal structures in the crypto market. This formation, visible on XRP’s two-week chart, is expected to trigger a powerful upward movement once confirmed.

A double bottom is a classic bullish reversal pattern that forms when an asset hits a similar low twice, separated by a moderate rebound. For XRP, the first leg of this formation began after its massive drop from the all-time high of $3.8 in January 2018, reaching a low of $0.1140 in March 2020. Following this, XRP surged to $1.96 by April 2021, constituting the mid-pattern bounce. The second trough was completed in June 2022, when XRP plunged to $0.2870 amid panic triggered by the Terra ecosystem collapse. The double bottom remained incomplete until XRP revisited the key neckline near $2.

A significant breakout occurred during the November 2024 rally, when XRP soared to $2 after renewed market confidence sparked by Donald Trump’s presidential victory. This bullish wave pushed XRP through the neckline, confirming the long-awaited breakout from the seven-year double bottom. By January 2025, XRP had peaked at $3.4, but growing resistance in that zone forced the asset into a correction. The price dipped back below $3 in February, entering a consolidation phase that persisted for over six months. Throughout this period, XRP managed to stay above the $2 neckline, validating the breakout and signaling that the market was merely pausing to gain strength.

As XRP climbs once again above the neckline, van Lagen interprets this rebound as the next bullish confirmation. He sets an ambitious price objective of $38, which would reflect a 1,238% increase from XRP’s current price of $2.84. This projection is not isolated; back in December, respected analyst CryptoInsightUK also pointed to a similar upside potential, predicting XRP could reach $35 during this cycle. The convergence of long-term technical support, a confirmed breakout, and reinforced bullish momentum suggests that XRP could soon enter its strongest uptrend yet. Traders and investors closely watching the charts may now see the signal van Lagen refers to: a textbook neckline retest that often precedes exponential moves.

As XRP shows renewed strength above $2, market watchers are keeping a close eye on whether this could be the final launchpad toward the much-anticipated multi-dollar price zones. The veteran trader's analysis and the historical pattern suggest that XRP is on the verge of a significant bull run, with the potential to reach new heights in the near future. The market's reaction to this signal will be crucial in determining the trajectory of XRP's price in the coming months.