XRP Breaks Double Bottom, Heading Towards 34 USD, According to Analyst's Prediction

Gert van Lagen stated that the macro structure of XRP has finally accomplished what is necessary: breaking the neckline of the seven-year price base and holding it. "XRP [2W] – Ripple is ready to break out. The 7-year double bottom has broken at ❌ The neckline has been successfully retested at 🔵 ATH has been broken — the first target is near ~$34, at the fib 2.00 extension level of the double bottom. → Compare with the setup from 2014–2017," the analyst wrote. His chart is drawn on a logarithmic scale with two-week candles, framing this move as a multi-cycle reversal rather than a short-term bullish move. Will XRP Really Reach $34? The geometry is clearly represented on the chart. A broad W-shaped bottom pattern extending from the bear market of 2018–2024 has created two double bottoms in the range below $0.20–$0.30, after which it returned to the horizontal neckline just above the handle at $2. Van Lagen marked an initial breakout attempt with a red cross just above that resistance level, followed by a decisive bullish move and a pullback tagging support around the $2 area, annotated with a green dot. On the logarithmic chart, this textbook breakout-retest sequence is precisely the confirmation step that technicians often look for before predicting targets. The price at the time of the snapshot is marked at $3.19 on the right axis, meaning XRP is trading above the neckline but still below the all-time high of $3.40 from 2018. This position is very important as the previous macro cap is currently acting as support; maintaining above around $2.00 will preserve the double bottom argument. The measured arrow drawn from the neckline simulates the height of the top based on multiplying (logarithm), which is why the bullish extension jumps into the double digits instead of just adding a few dollars. The first target of Van Lagen is clearly derived from the Fibonacci ratio. He sets the 2.00 extension of the double bottom as the initial target, landing "around ~$34". On his scale, the forecast line peaks above the $27 and $20 grid lines and temporarily touches the mid-level of $30 before returning to the average, consistent with the logarithmic scale expansion when a long-term accumulation ends quickly. The left side of the chart shows the historical rhythm that he wants readers to pay attention to. From 2014 to 2017, XRP built a smaller double bottom pattern in the shaded accumulation zone, breaking the neckline, retesting, and then accelerating vertically. Van Lagen marks this sequence with the same red cross at the breakout point and a green dot at the retest point, along with a vertical measuring arrow to illustrate how the previous price base was resolved. The current pattern, shaded in the 2018–2025 period, repeats that dance on a much larger scale. His outline includes a price roadmap and a timeline using twelve projected candles - each candle two weeks - implying a price range of five to six months for the entire move if it repeats the previous cycle. The first projected candle brings XRP above 11 dollars. After three candles, the blue line peaks above 36 dollars, about six weeks after the rise. The fourth candle indicates a deep pullback to the $11 area, followed by a strong recovery above $30 on the fifth candle. The next three candles stabilize around the $30 area before the price line continues to decline to about $11 and begins a cooling phase. This sequence is more illustrative than prescriptive, but it visually ties the expansion operation to potential market behavior. Whether XRP can follow the uphill path outlined in blue is a separate question from whether the double bottom pattern has technically been activated. Van Lagen's chart answers the second question with "yes": the breakout and retest have been completed. The first answer - targeting a Fibonacci extension of around $34 - will be determined by the shape of a few upcoming two-week candles. $XRP {spot}(XRPUSDT)