Gert van Lagen states that the macro structure of XRP has finally achieved what is necessary: breaking the neck line of the seven-year price base and holding it. "XRP [2W] – Ripple is ready to break out. The 7-year double bottom has broken at ❌ The neck line has been successfully retested at 🔵 ATH has been broken — the first target is near ~$34, at the fib 2.00 extension of the double bottom. → Compare with the 2014–2017 setup," the analyst writes. His chart is drawn on a logarithmic scale with bi-weekly candles, framing this move as a multi-cycle reversal rather than a short-term rally.

Will XRP Really Reach $34?

The geometry is clearly illustrated on the chart. A wide W-shaped bottom pattern extending from the 2018–2024 bear market has created two double bottoms in the under $0.20–0.30 range, before returning to the horizontal neck line just above the $2 handle. Van Lagen marks an initial breakout attempt with a red cross just above that resistance level, followed by a decisive bullish move and a pullback tagging support around the $2 area, noted with a blue dot. On the logarithmic chart, this textbook breakout-retest sequence is precisely the validation step that technicians often seek before predicting targets.

The price at the snapshot is marked as $3.19 on the right axis, meaning XRP is trading above the neck line but still below the all-time high of $3.40 in 2018. This position is crucial as the previous macro cap is now acting as support; maintaining above around $2.00 will keep the double bottom thesis intact. The measured arrow drawn from the neck line simulates the height of the upper bottom based on log scale, which is why the bullish extension leaps into double digits instead of just adding a few dollars.

Van Lagen's first target is clearly drawn from the Fibonacci ratio. He sets the 2.00 extension of the double bottom as the initial target, landing "near ~$34". On his scale, the forecast line peaks above the $27 and $20 grid lines and temporarily touches the mid-$30 level before reverting to the average, consistent with how extensions on a logarithmic scale quickly conclude a long-term accumulation phase.

The left side of the graphic exhibits the historical rhythm he wants readers to notice. From 2014 to 2017, XRP built a smaller double bottom pattern in the shaded accumulation zone, broke the neck line, retested, and then accelerated vertically. Van Lagen marks this sequence with the same red cross at the breakout point and a blue dot at the retest point, along with a vertical measuring arrow to illustrate how the previous price base was resolved. The current pattern, shaded in the 2018–2025 phase, repeats that choreography on a much larger scale.

His outline includes a price and time roadmap using twelve projected candles - each two weeks long - implying a price range of five to six months for the entire move if it repeats the previous cycle. The first projected candle takes XRP above $11. After three candles, the blue line peaks above $36, about six weeks after the increase.

The fourth candle shows a deep pullback to the $11 area, followed by a strong recovery above $30 in the fifth candle. The next three candles stabilize around the $30 area before the price line continues to drop to around $11 and begins a cooling phase. This sequence is more illustrative than prescriptive, but it visually ties the extension math to the potential market behavior.

Whether XRP can follow the downward path outlined in blue is a separate question from whether the double bottom pattern has been technically activated. Van Lagen's chart answers the second question with a "yes": the breakout and retest have been completed. The first answer - targeting a Fibonacci extension of around $34 - will be determined by the shape of a few upcoming bi-weekly candles. $XRP