XRP Bull Run Expected After Double Bottom Breakout

XRP is poised for a significant upside following a confirmed bounce off a major technical level, according to veteran trader Gert van Lagen. The long-term chart narrative reveals a bullish setup that has been forming over seven years, signaling potential for explosive gains ahead.

Gert van Lagen, a Dutch financial analyst with a track record in crypto markets, recently highlighted XRP’s double bottom structure, which has been developing since the coin’s peak in early 2018. He shared insights in a recent chart posted on X (formerly Twitter), pointing to what could become one of the most extensive and significant reversal patterns in cryptocurrency history.

A double bottom pattern typically forms when a financial asset retraces to the same low twice, with a rally in between. The resulting “W” shape is known for indicating the end of a downtrend and the formation of a stable base for a potential breakout. Traders often watch for a decisive move above the “neckline,” the interim peak between the two lows, as confirmation of a bullish reversal.

For XRP, the first leg of this multi-year double bottom began after its all-time high of $3.8 in January 2018. The token tumbled to a low of $0.1140 during the market-wide collapse of March 2020. It subsequently rebounded to a high near $1.96 by April 2021, marking the midpoint peak or neckline region of the formation.

The second bottom was carved out in June 2022 when XRP dropped to $0.2870 amid fallout from the Terra ecosystem’s collapse a month prior. Although this confirmed the double bottom, the full structure was not validated until the token surged past $2 during the market rally triggered by Donald Trump’s presidential victory in November 2024. This breakout completed the bullish formation and indicated significant sentiment reversal.

After reaching as high as $3.4 by January 2025, XRP faced overhead resistance, leading to a period of consolidation. The asset slipped below $3, entering a sideways trading range that lasted over six months. But importantly, XRP held above the $2 breakout zone, a key support level confluent with its neckline.

Market analysts advocate that such consolidation phases post-breakout are healthy, allowing momentum to build and weak hands to exit. Holding above the neckline is particularly encouraging, according to a December 2024 analysis from The Crypto Basic, stating “As long as XRP trades above $2, there’s no cause for concern.”

With recent market activity fueling renewed optimism, XRP has again pushed solidly above the $2 level. Van Lagen views this second advance as a launchpad for an impending “parabolic” bull run. His analysis projects a price target of $38 — a profound 1,238% increase from XRP’s current trading level of approximately $2.84.

This ambitious prediction is not without precedent. Van Lagen points to XRP’s 2017 breakout from a similar structure that culminated in over 13,000% gains, peaking at $3.8 in early 2018. That meteoric rise surpassed its parabolic target by double, which bolsters his confidence in the current setup being equally potent — if not more.

Interestingly, Gert van Lagen isn’t alone in his conviction. Other market commentators also foresee aggressive upside. As far back as December 2024, independent analyst CryptoInsightUK suggested that XRP could climb to $35 if its bullish pattern holds.

Related: XRP Price: $12M Max Pain for Bears

While the $38 target might seem aspirational in today’s volatile market, the combination of long-term technical consolidation, macro shifts, and investor sentiment creates a compelling case for XRP bulls. The technical integrity of the double bottom — one of the rare multi-year formations in crypto — combined with current price action suggests that XRP may indeed be entering a new parabolic phase.