Gert van Lagen claims that the macro structure of XRP has finally done what it needed to do: break the neckline of a seven-year base and hold it. According to the analyst, XRP is ready to rise, having broken the seven-year double bottom and successfully retested the neckline, with the first target near $34, based on the Fibonacci extension of 2.00 from the double bottom. He compares this setup with the period from 2014 to 2017.#BinanceAlphaAlert
Van Lagen's chart is drawn on a logarithmic scale with two-week candles, suggesting a reversal of multiple cycles rather than a short-term move. The W-shaped base extends from the bear market of 2018–2024, with twin lows in the region below $0.20–$0.30, returning to a horizontal neckline just above $2. The price at the time of the snapshot is $3.19, above the neckline but still below the all-time high of 2018 of $3.40.
Van Lagen's first target is derived from Fibonacci proportions, with the 2.00 extension of the double bottom as the initial target, reaching 'near $34'. The projected path peaks above the grid lines of $27 and $20, briefly touching $30 before reversing, consistent with how extensions on a logarithmic scale translate when a long consolidation quickly unwinds.
Between 2014 and 2017, XRP formed a smaller double bottom within a shaded accumulation zone, broke its neckline, retested it, and accelerated vertically. The current pattern, shaded from 2018 to 2025, repeats this choreography on a much larger scale. Van Lagen's outline includes a timeline and price roadmap using twelve future two-week candles, implying an arc of five to six months for the entire movement, if it echoes the previous cycle. The first projected move raises XRP above $11, and after three candles, the blue path reaches above $36, about six weeks after the start. The fourth candle traces a deep retracement back to the $11 region, followed by a sharp recovery above $30. $XRP
