XRP's price shows repeating patterns that some analysts believe could lead to significant growth.
Analysis of Historical Pattern
Crypto analyst Cryptobless (@Cryptobless7070) identified a completed 7-year double bottom retest on XRP's chart. This pattern indicates the possibility of achieving a double-digit price following the recent breakout. Between 2014 and 2017, XRP formed a similar double bottom, following an initial rejection at the neckline before rallying to an all-time high of $3.36, marking the conclusion of that cycle's bottoming process.
Breakout and Retest Process in 2025
The breakout and retest occurred in early 2025. In February, XRP's price saw a temporary decline, paralleling the broader market pullback, confirming the structural integrity of the pattern. By July 2025, XRP not only recovered but also hit a new all-time high of $3.65, thus solidifying the breakout, now seen as complete.
First Target Price for XRP
Following this confirmation, Cryptobless suggests that $34 is the first target for XRP. This target is based on the measured move principle, utilizing the height of the double bottom pattern. With current prices around $3.27, rising to $34 represents a potential 939.75% increase. Analysts are keenly observing key levels and market conditions to gauge whether the asset can maintain upward momentum.
The current setup is a significant technical event for XRP, and analysts believe that the size of the pattern increases the likelihood of a considerable follow-through move.
