XRP Price Prediction – Analyst Forecasts Rally to $38 as 7-Year Pattern Signals Breakout
The post XRP Price Prediction – Analyst Forecasts Rally to $38 as 7-Year Pattern Signals Breakout appeared on BitcoinEthereumNews.com.
XRP is teetering below $3 after an impressive 30% rally in the last seven days to trade at $2.98. Following the massive gains in the last seven days, XRP has overtaken Tether (USDT) and reclaimed the third spot in the crypto market ranking by market capitalization. A top analyst now forecasts that the porice might be headed to $38 after the recent gains brioke out oit of a seven-year bullish pattern. XRP Price Targets $38 After Double Bottom Breakout Analyst Gert van Lagen on X notes that a double-bottomed pattern has been forming on the two-week chart for XRP in the last seven years, indicating that the altcoin might soon break out in an explosive rally. Per the analyst’s pattern, the price first broke out of the neckline resistance of this massive pattern in late 2024 when it rallied by triple-digit percentage gains. Since then, it has converted this neckline into a strong support level, but the lack of a clear breakout has forced it into seven months of consolidation. Lagen opines that if the XRP price can continue with its current bullish momentum, then it may get to $38, a value realized by the difference in height between the double-bottom support level and the neckline resistance. XRP Price Chart (Source: Gert van Lagen) If the price gets to $38, XRP would have a market cap of $2.2 trillion, which is around the current Bitcoin market cap. Therefore, a rally to $38 might not happen within a short time, and instead, it would take years before it happens. Besides the bullish long-term price forecast shared by this analyst, the short-term projection is also favorable to bullish traders. A recent CoinGape analysis stated that as Bitcoin chases new all-time highs, the XRP price may reach $4 soon. Whales Accumulation, ETF Success,…
Filed under: News - @ July 14, 2025 1:27 pm