With XRP gaining strong momentum, crypto analyst Gert van Lagen predicts the altcoin will surge to $38. While this projection seems ambitious given XRP’s current price under $3, key technical indicators strongly support this bullish outlook.
Technical Patterns Point to Major XRP Breakout
Lagen’s two-week technical analysis identifies two key bullish signals:
- Double Bottom Formation (2014-2020):
- This 7-year-long pattern signals a trend reversal from a bearish phase to a bullish rally.
- Past breakouts from this pattern led to XRP reaching $0.28 and $2.5.
- Ascending Triangle (Current Pattern):
- XRP has been forming an Ascending Triangle, a pattern indicating bullish continuation.
- The recent breakout above key resistance suggests a potential surge similar to past parabolic gains.
Based on these patterns, van Lagen predicts XRP will surpass its previous highs, targeting $38. He even considers this a conservative estimate, given XRP’s tendency to exceed expectations in past rallies.
Ripple vs SEC Case Conclusion Fuels XRP Optimism
The XRP community is buzzing following the official resolution of Ripple’s five-year legal battle with the U.S. Securities and Exchange Commission (SEC). Many traders and analysts believe this marks a turning point for XRP, paving the way for:
- Institutional adoption
- Increased market confidence
- Potential for new all-time highs
Will XRP Reach $38—or Beyond?
Some analysts are even more optimistic. Crypto expert Random Crypto Pal suggests that now that the SEC case is over, XRP has “no market cap limits.” He projects an ultimate surge to $10,000, though this remains highly speculative.
As positive sentiment and strong technical signals align, XRP appears poised for significant growth in the coming months. However, traders should remain cautious, as crypto markets are inherently volatile.