Crypto analyst Gert van Lagen predicts a potential breakout for XRP, targeting $38 based on a 7-year technical pattern. This bullish forecast follows Ripple's legal victory against the SEC, energizing the XRP community and fueling optimism for significant price appreciation.
Key Takeaways
- Technical Analysis: A Double Bottom and Ascending Triangle pattern suggest a major bullish breakout.
- Legal Clarity: Ripple's win against the SEC removes regulatory uncertainty, boosting investor confidence.
- Community Optimism: Some XRP holders speculate even higher targets, with extreme predictions like $10,000 circulating.
Breakdown of the $38 XRP Prediction
1. The Technical Setup
Gert van Lagen identifies two key bullish patterns on XRP's 2-week chart:
- Double Bottom (2014–2020): A long-term reversal signal indicating a shift from bearish to bullish momentum.
- Ascending Triangle: A continuation pattern that often precedes sharp upward moves.
The recent breakout above a multi-year resistance level confirms the bullish thesis, with van Lagen projecting a conservative $38 target. Historically, XRP has exceeded parabolic targets, suggesting this estimate could be modest.
"XRP is set to continue its bull market parabolically... targeting at least $38. Last breakout of lesser caliber brought price twice its parabolic target, so this is very conservative."
— Gert van Lagen (@GertvanLagen)
2. Ripple’s Legal Victory: A Catalyst for Growth
The SEC’s dismissal of its case against Ripple after five years marks a pivotal moment for XRP. Regulatory clarity has:
- Restored market confidence in XRP’s legitimacy.
- Unlocked institutional interest, as exchanges and funds previously hesitant to list XRP due to legal risks may now reconsider.
- Fueled speculative momentum, with traders anticipating a rally similar to post-2020 lawsuit surges.
👉 How Ripple’s legal win impacts XRP’s long-term valuation
3. Community Sentiment: From $38 to $10,000?
With the legal overhang resolved, the XRP community has shifted into full bullish mode. While van Lagen’s $38 target is grounded in technicals, some investors speculate wildly:
- Random Crypto Pal (@RandomCryptoPal) argues XRP could reach $10,000, citing "no more market cap limits."
- Others point to historical volatility, where XRP surged from cents to $3.40 in 2018, as precedent for exponential gains.
FAQs: Addressing Key Questions
Q1: How realistic is the $38 target for XRP?
A: While ambitious, the target aligns with historical breakout multipliers. The Double Bottom’s measured move (depth of the pattern projected upward) supports the $38 range if momentum sustains.
Q2: What risks could derail XRP’s rally?
A: Key risks include:
- Macro crypto downturns (e.g., Bitcoin bear markets).
- Exchange liquidity issues if trading volume doesn’t support upward price action.
- Regulatory surprises, though the SEC case dismissal reduces this threat.
Q3: How does XRP’s utility factor into its price potential?
A: Ripple’s cross-border payment solutions (e.g., ODL) could drive adoption, but price speculation currently outweighs utility-based demand.
👉 Explore XRP’s use cases in global finance
Final Thoughts
XRP’s technical and fundamental outlook has rarely been stronger. The $38 forecast hinges on:
- Sustained breakout momentum.
- Continued regulatory clarity.
- Market-wide crypto bullishness.
While $10,000 claims** are hyperbolic, the **$38 target offers a data-driven scenario for traders to watch. As always in crypto, DYOR—but the stars may finally be aligning for XRP.
**Notes**:
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