TLDR
- XRP has completed the retest of its 7-year double bottom breakout.
- Gert van Lagen projects a surge to $34 as the first major target.
- The neckline of the pattern is positioned around the $1.96 to $2 level.
- XRP held the neckline support during a five-month consolidation period.
- The current setup is compared to a similar pattern from 2014 to 2017.
According to macro strategist Gert van Lagen, XRP has completed a critical retest of a long-term bullish pattern. The analyst confirmed that XRP held its breakout level after months of consolidation. He now projects a surge to $34 as the first major target.
XRP Retests Breakout from 7-Year Double Bottom
Van Lagen stated that XRP recently finished a retest of the neckline from its 7-year double bottom pattern. The neckline sits around the $1.96 to $2 price region, which XRP broke last November. After rising to $3.4 in January 2025, the asset corrected toward the neckline.
The correction lasted from February to July, pushing XRP back to the $2 range without breaching the neckline. According to van Lagen, this retest was a decisive step for confirming the breakout. “Holding this support confirms the structure and clears the way for higher targets,” he said.
$XRP [2W] – Ripple is ready to rip.
The 7-year double bottom has broken out at ❌
The neckline was successfully retested at 🔵ATH cleared — first target near ~$34, at 2.00 fib. extension of double bottom.
–> Compare with 2014-2017 setup pic.twitter.com/aVk0lxp03O
— Gert van Lagen (@GertvanLagen) August 11, 2025
Following the retest, XRP climbed back above $3 this month amid a wider market recovery. The asset has now reclaimed momentum, suggesting an uptrend is resuming. Van Lagen argues that the pattern is intact and points toward a substantial price expansion.
Historical Context Supports $34 Price Projection
The analyst compared the current setup to a previous cycle between 2014 and 2017. During that period, XRP formed a similar double bottom before a strong breakout. That rally took the price from a $0.028 neckline to a peak of $0.3988.
Van Lagen believes the present breakout could follow the same trajectory but on a larger scale. From the $2 neckline, his first target sits at $34, representing a 1,600% increase. He stressed that the size and duration of the current pattern support this projection.
Other analysts have also pointed to $34 as a potential milestone. Earlier this year, commentator EGRAG cited XRPBTC chart signals supporting the same level. This alignment of forecasts strengthens bullish sentiment around XRP’s price outlook.
Formation Dates Back to 2018 Price Cycle Peak
The double bottom pattern began after XRP’s January 2018 peak of $3.31. From that high, the asset fell to $0.1140 in March 2020, forming the first bottom. A recovery to $1.96 in 2021 marked the neckline’s establishment.
After that, XRP price dropped to $0.28 in June 2022 during market turmoil caused by the Terra collapse. The recovery last November confirmed the second bottom and initiated the breakout. Van Lagen noted that sustaining above $2 validates the bullish structure.
XRP’s breakout is now holding as price strength returns across the cryptocurrency sector. With technical indicators aligning, the macro setup appears favorable for significant upside. Van Lagen maintains that the $34 target is achievable in the next expansion phase.
