In a recent market analysis of XRP, notable analyst Gert van Lagen has made a bold forecast regarding an upcoming breakout for the cryptocurrency. Amid current fluctuations, XRP remains in a critical zone that could influence its future dynamics.
Seven Years in the Making: Technical Analysis
Van Lagen's analysis is built on a rare and powerful pattern: a seven-year double-bottom formation, visible on the two-week chart. This pattern began with a major low of around $0.11 in March 2020, followed by a surge to $1.96 in April 2021. XRP then dipped again to $0.29 in mid-2022 before rallying back near $2.00 by the end of 2024, completing a textbook 'W'-shaped bottom.
The $2 Level: A Pivotal Breakout Zone
The $2 price point isn't just another resistance; it's the neckline for both the double-bottom and ascending triangle patterns. This critical threshold XRP broke in December 2024, rallying to as high as $3.40 in January 2025. Since then, XRP has pulled back to retest the $2 level multiple times and continues to find support there. This successful retest is crucial. According to traditional technical analysis, when a breakout is followed by a confirmed support retest, it often paves the way for a sustained rally.
Legal Clarity and Growing Fundamentals
The optimism around XRP isn't limited to technicals. Ripple's legal battle against the U.S. SEC is approaching a critical stage; a favorable ruling will be vital to removing the cloud of regulatory uncertainty that has loomed for years, allowing for broader institutional adoption. Recent on-chain data shows a rise in open interest, much of it likely driven by leverage, suggesting a mix of speculative activity, which could boost price action in the short term but also adds risk and volatility.
Van Lagen's thesis emphasizes the importance of patience in the current market. Despite volatility, technical and fundamental factors appear to be aligning, hinting at a potential new phase for XRP. For many market participants, this could be the defining moment.
