In a recent post on X, cryptocurrency commentator Amonyx drew attention to a bold forecast from renowned market analyst Gert van Lagen, who believes that XRP is on the brink of a major breakout. "Only the patient will win; the impatient are about to face the toughest challenge of their lives," Amonyx wrote, echoing van Lagen's view that XRP's next move could redefine its trajectory.

Currently trading at $2.19, XRP is holding a critical level that could determine whether it confirms a long-term bullish reversal or returns to a consolidation phase.

Seven years in the making: The technical backdrop

Van Lagen's analysis is built on a rare and powerful model: a seven-year double bottom pattern, visible on the bi-weekly chart. This model began with a major low of around $0.11 in March 2020, then surged to $1.96 in April 2021. XRP then dropped back to $0.29 by mid-2022 before recovering back to near $2.00 by the end of 2024, completing a textbook 'W' bottom.

But that's not all. Running parallel to the double bottom is an ascending triangle, a bullish continuation pattern marked by rising support levels and a horizontal resistance band around the $2 mark. These two technical patterns overlap at the same price level, further reinforcing the bullish case.

$2 level: A crucial breakout zone

The $2 price level is not just another resistance level. It is the neckline for both the double bottom and ascending triangle patterns—a crucial threshold that XRP broke through in December 2024, rising to a peak of $3.40 in January 2025. Since then, XRP has retraced to test the $2 level multiple times and continues to find support there.

This successful retest is critical. According to traditional technical analysis, when a breakout is followed by a confirmed retest of support, it often paves the way for a sustainable bullish move.

Price target: $38 and above?

Based on the height of the double bottom model, van Lagen forecasts a cautious target of $38, up over 1,600% from the current level. He compares it to the 2013–2017 cycle when XRP far exceeded its technical target, indicating that even $38 could be modest if the bullish momentum continues.

While many price predictions are often driven by hype, van Lagen's forecasts are based on long-term structural patterns and historical performance.

The optimism is not limited to technical factors. Ripple's legal battle with the U.S. SEC is reaching a critical juncture; a favorable ruling for the court move will be crucial in clearing away the cloud of regulatory uncertainty that has lingered for years, and XRP will be better positioned for broader institutional adoption.

However, recent on-chain data shows an increase in open interest, largely driven by leverage, indicating a blend of speculative activity. While this may drive price action in the short term, it also increases risks and volatility.

The ultimate test of patience

Van Lagen's thesis, amplified by Amonyx, comes with a clear warning: patience is essential. The $2–3 range for XRP could act as a pressure zone, causing short-term traders to weaken before a true breakout occurs. But for those willing to wait, this setup could lead to a once-in-a-cycle move.

Technical and fundamental factors are aligning. With XRP hovering just above the critical neckline, the market may soon decide its next chapter. As Amonyx said, "Are you ready?" For many XRP holders, this could be the moment they've been waiting for.