Dutch macro strategist Gert van Lagen, in a widely circulated X post, asserts that XRP’s latest price structure resembles a nearly seven-year double-bottom pattern. He observes that XRP broke above the neckline of this formation on the two-week chart, successfully retested that level, and is now positioned for a sharp move higher, citing a first measured target near $34, corresponding to the 2.00 Fibonacci extension of the pattern. This bold claim, along with its chart-based rationale, has garnered significant attention across crypto-focused media. $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 Double Bottom and Fibonacci Extension On the long-duration two-week timeframe, XRP traced two distinct low points over successive years, forming the classic double-bottom base. The neckline, drawn along their intermediate highs, was decisively breached and subsequently tested from above, fulfilling the textbook criteria for a breakout. From here, van Lagen applies Fibonacci math: the distance from the base to the neckline, projected twice upward, lands near $34, marking his immediate upside target. Historical Parallel: 2014–2017 Accumulation Van Lagen’s comparison to XRP’s 2014–2017 accumulation phase highlights a long consolidation followed by breakout-led expansion. That period ultimately led to XRP’s dramatic 2017–18 rally. While the structural similarity offers an inspiring template, the current broader context—market liquidity, regulatory climate, and institutional participation—differs substantially. As such, the analogy should serve as a framework for probability, not as a deterministic forecast. Current Price Reality XRP is trading significantly below both the 2018 ATH and van Lagen’s $34 projection—a gap that underscores the scale of the expected move if the pattern plays out. CoinMarketCap data confirm the current price remains at $3.15, well beneath the important 2018 high of $3.84. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Risks, Momentum, and Market Dynamics Momentum may be accelerating in the short term, fueled by renewed institutional interest and technical narratives. Still, pullbacks are common, and divergence or macro shifts could rapidly undermine the bullish setup. Analysis and coverage of van Lagen’s thesis underscore the need for disciplined risk management, acknowledging that technical targets rely on uninterrupted trend continuation. A Bullish Case With Conditions Van Lagen presents a compelling long-form technical case for XRP: a confirmed multi-year double-bottom breakout with a measurable, Fibonacci-based target. While the narrative is technically elegant and carries high conviction among chart-oriented traders, the leap from current levels to $34 remains conditional. Investors should recognize this as a scenario contingent on a sustained trend, not as historical inevitability. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP to $34? Analyst Says XRP Is Ready to Rip Based On This Historical Pattern appeared first on Times Tabloid .
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