XRP Could Surge to $38: Technical Analysis Suggests Bullish Setup

Dutch technical analyst Gert van Lagen predicts a significant price surge for XRP, potentially reaching $38. He believes this upward trajectory is driven by the asset’s consistent performance within a seven-year double bottom formation, which shows signs of breaking out soon. Van Lagen notes that XRP has already shown its potential to achieve substantial gains, with previous rallies reaching over double their predicted targets. His prediction is based on a historical analysis of two major lows in 2020 and 2022 which formed the neckline of a ‘W’-shaped pattern forming for several years.