
Top Analyst Says XRP is on the Edge of a Massive Breakout
The cryptocurrency market has been abuzz with speculation surrounding the prospects of Ripple’s XRP, as a top analyst has emerged to make a bold prediction about its trajectory. According to Gert van Lagen, a renowned market commentator, XRP is poised to break out in a major way, potentially leading to unprecedented gains.
At press time, XRP was trading at $2.19, sitting precariously close to the pivotal neckline of its long-running double-bottom formation and ascending triangle pattern. The analyst’s assertion comes as the digital asset continues to find support at this level, having already broken above it in December 2024 before correcting back down.
The price action is eerily reminiscent of XRP’s performance between mid-2017 and late 2019, where it rallied from a low of approximately $0.12 to an astonishing high of $3.39 during the subsequent years. This parallel has led some traders to speculate that a similar surge could be on the horizon.
The analyst’s argument is further strengthened by a parallel observation with the events between 2013 and 2017, where XRP outperformed its projections, suggesting that even the projected target of $38 might be overly conservative if bullish momentum builds.
Source: timestabloid.com