XRP remains in the spotlight thanks to recent price predictions published by analyst Gert van Lagen. In this article, we review the essence of his technical analysis and forecasts.
Gert van Lagen's Technical Analysis
Dutch crypto analyst Gert van Lagen has grabbed attention with his XRP chart analysis. His bi-weekly candlestick chart of XRP/USD shows two key technical patterns: a double bottom from 2014-2017 and another double bottom combined with an ascending triangle pattern forming from 2018 to 2024. These patterns suggest possible parabolic price movements.
XRP Price Predictions
According to the current model, XRP's price is likely to hold at key support levels. These levels are centered around $0.35-$0.40 and $1.00-$1.50. If XRP reaches $38, it would mirror the climactic moves of 2017. However, if it falls below $1.90, prices might return to the $1.00-$1.20 range.
Market and Unexpected Prospects
Despite favorable forecasts, investors should be aware of potential risks. A return of XRP to lower price levels is not excluded, making technical analysis especially important.
Technical analysis and historical patterns provide valuable insights into what might await XRP in the future. However, investors should consider all possible scenarios and risks associated with crypto markets.
