$XRP Analyst Gareth Van Lagen believes that a bullish breakout of the seven-year double bottom pattern, and stabilization above the resistance level of $1.80, could pave the way for Ripple's price to rise to $34 by mid-2026. This forecast resembles Ripple's price behavior between 2014 and 2017, when it experienced a comparable increase exceeding 100,000%. It is worth noting that fundamental factors, such as a 95% likelihood of approval for the spot Exchange-Traded Fund (ETF) and the conclusion of the legal case, were among the key driving factors for Ripple's recent price increase.
However, Anchin's data shows that 95% of the circulating supply of XRP is in profit, which could lead to selling pressure.#DeFiGetsGraded #BTCOvertakesAmazon