Gert van Lagen says the macro structure of XRP has finally done the one thing it needed to do: break the neckline of a seven-year base and hold it. \u201cXRP [2W] \u2013 Ripple is ready to rip. The 7-year double bottom has broken out at The neckline was successfully retested at ATH cleared \u2014 first target near ~$34, at 2.00 fib. extension of double bottom. \u2192 Compare with 2014\u20132017 setup,\u201d the analyst wrote. His chart is drawn on a logarithmic scale with two-week candles, framing the move as a multi-cycle reversal rather than a short-term pop.<\/p>\n
The geometry is clear on the chart. A broad W-shaped base stretching from the 2018\u20132024 bear market carved twin lows in the sub-$0.20\u2013$0.30 region, then returned to a horizontal neckline that sits just above the $2 handle. Van Lagen marks an initial breakout attempt with a red cross just over that barrier, followed by a decisive surge and a pullback that tags support around the $2 area, annotated with a blue dot. On a log chart, that textbook breakout-retest sequence is the confirmation step technicians typically look for before projecting targets.<\/p>\n
Price at the time of the snapshot is labeled $3.19 on the right axis, meaning XRP is trading above the neckline but still below the 2018 all-time high at $3.40. That placement matters because the prior macro cap now acts as support; staying north of roughly $2.00 keeps the double-bottom thesis intact. The measured arrow drawn from the neckline replicates the height of the base on a multiplicative (log) basis, which is why the upside extension leaps into the mid-double digits rather than adding only a few dollars.<\/p>\n
Van Lagen\u2019s first objective is derived explicitly from Fibonacci proportions. He sets the 2.00 extension of the double-bottom as the initial target, landing \u201cnear ~$34.\u201d On his scale the projected path peaks above the $27<\/a> and $20 grid lines and briefly tags the mid-$30s before mean-reverting, consistent with how log-scale extensions translate when a long consolidation unwinds quickly.<\/p>\n The left side of the graphic provides the historical rhyme he wants readers to notice. Between 2014 and 2017, XRP built a smaller double-bottom within a shaded accumulation zone, broke its neckline, retested it, and then accelerated vertically. Van Lagen marks that sequence with the same red cross at breakout<\/a> and blue dot at the retest, plus a vertical measuring arrow to illustrate how the earlier base resolved. The current pattern, shaded across 2018\u20132025, repeats that choreography at a far larger scale.<\/p>\n His sketch includes a time-and-price roadmap using twelve forward candles\u2014two-week bars\u2014implying a five- to six-month arc for the entire move if it were to echo the prior cycle. The first projected bar vaults XRP above $11. After three candles, the blue path tops out above $36, roughly six weeks into the run.<\/p>\n