Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price has broken out of a 7-year Double Bottom pattern, signaling what analysts predict could be the start of a major long-term rally. According to reports, a breakout and successful retest of this long-standing chart pattern could set the stage for a massive surge toward $36, ultimately repeating the bull rally seen during the 2014-2017 cycle. XRP Price Eyes $36 After Double Bottom Breakout
Crypto analyst Gert van Lagen has drawn attention to a rare and potentially explosive technical event currently unfolding on the two-week XRP price chart. According to his analysis postedon X social media, XRP has successfully broken out of a massive 7-year Double Bottom formation—a pattern that typically signals long-term reversal from bearish to bullishmarket conditions. Related Reading Analyst Says What Happened With Bitcoin Is About To Happen With XRP 1 day ago
Based on the analyst’s chart, XRP had breached the neckline of this Double Bottompattern after years of accumulation, following up its momentum with a textbook retest that confirmed the breakout. This retest, occurring at a critical price point, has historically acted as the final validation before a sustained rally. Lagen has also compared the current cycle with that of the 2014-2017 phase, indicating that XRP’s price action could be repeating similar strong bullish patterns that emerged during that period. Source: Gert Van Lagen on X
The chart suggests that XRP is poised to clear its former all-time high of $3.84, potentially removing one of the most significant technical barriers in its history. With the resistance level now flipped into support, Lagen’s price projection points to an initial target of approximately $36. This level aligns with the 2.00 Fibonacci Extension of the Double Bottom pattern.
Notably, the expert’s analysis implies that XRP’s current momentumis not just a short-term spike, but likely the early stages of a multi-month, possibly multi-year climb. If the structure follows past patterns and continues to play out as Lagen predicts, XRP could be on track to deliver one of its strongest bull runs since the 2017 rally. XRP Mirrors Ethereum’s 2017 Breakout Pattern
In a separate bullish analysis, a crypto analyst identified as ‘Shibo’ on X comparedXRP’s present market behavior to Ethereum’s historic breakout in 2017. His side-by-side chart shows an almost identical technical progression involving an extended consolidation phase forming a base, followed by a decisive breakout at a clearly defined resistance level. Related Reading XRP Price At $36: 7-Year Bottom Breakout Could Trigger Repeat Of 2014-2017 7 hours ago
In Ethereum’s case, this move triggered an extraordinary rally from sub-$20 levels to more than $1,400 in under twelve months, marking one of the most explosive advances in crypto history. Shibo argues that XRP is now positioned in the same “breakout zone” that the ETH priceoccupied before its parabolic surge.
Based on this chart historical pattern, the analyst has forecasted a rather ambitious price target for XRP. He believes that the cryptocurrency could see a massive surge to $589, representing an eye-watering increase of 18,084%. XRP trading at $3.22 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com