XRP’s Path to $38? Experts Just Dropped a Bombshell Forecast

Jakarta, Pintu News – XRP has the potential to continue its upward trend after retesting the neckline of the double bottom pattern that has formed over the years.

Veteran Dutch analyst and market technician Gert van Lagen has highlighted this condition in one of his previous analyses.

Although the price action has been ongoing for several weeks, the data shows that the analysis is still relevant, as XRP continues to hold the retest position.

In particular, Van Lagen previously highlighted the double bottom pattern that formed on the 2-week chart of XRP (XRP) and has persisted for seven years.

XRP Forms a 7-Year Double Bottom Pattern

For those unfamiliar, a double bottom is a chart pattern that indicates a potential change in trend direction from bearish to bullish. It resembles the shape of the letter “W”, formed when the price drops, rises again, then drops again to almost the same level, then rises again.

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In the case of XRP, the first bottom occurred when the price fell from an all-time high of $3.8 in January 2018 to a floor of $0.1140 in March 2020.

XRP then recovered from that point and reached a new peak of $1.96 in April 2021 when the market trend was bullish. This confirmed the formation of the first bottom.

Subsequently, a second bottom was formed when XRP dropped from a peak of $1.96 in April 2021 to the next base price of $0.2870 in June 2022. This drop occurred due to the impact of the Terra ecosystem collapse in May 2022.

However, XRP recovered and reached the $2 mark in December 2024, completing the second bottom pattern.

With these two bottoms formed, a complete double bottom structure is formed, with the neckline around the price of $2. In patterns like this, a price break above the neckline is often considered a bullish signal.

Technically, however, the market usually waits for a retest of the neckline before the price actually spikes.

Interestingly, XRP managed to break the neckline in December 2024 and even rose to reach $3.4 in January 2025. However, at the $3.4 level, XRP faced selling pressure and eventually corrected back to the $2 area.

Since February, XRP has been struggling around this level-which means that it is currently retesting that neckline area.

Analyst Sets XRP Target at $38, but Calls it still Conservative

To maintain its bullish structure, XRP should be able to hold at the $2 price level, which currently serves as the neckline of the double bottom pattern.

As long as the price remains above this level, the pattern is still considered valid, and the price recovery could trigger the long-awaited big price spike.

Market analyst Gert van Lagen also identified an ascending triangle pattern that has started to form since the formation of the first bottom. Interestingly, Van Lagen set a price target of $38 for XRP, which translates to a potential upside of about 1,604% from the current price of $2.23.

Although this figure seems high, he emphasized that the target is actually still relatively conservative, based on historical patterns.

Read also: What Can We Expect from XRP in June 2025?

In comparison, XRP also formed a similar double bottom pattern between December 2013 and April 2017, and after the breakout, the price experienced a much more parabolic rise than the potential rise towards $38 this time.

However, the previous double bottom pattern took a shorter time to form, about three years.

Interestingly, Van Lagen is not the only one who is optimistic about XRP. A number of other analysts have also predicted that XRP could reach the $30s range. For example, market watcher EGRAG predicted in February that XRP could reach $34.

In addition, financial mentor Linda Jones also mentioned in November that XRP’s 4-year cycle could potentially push the price to $33.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Top Analyst Predicts $38 Price Target for XRP, Here’s the Main Reason Why. Accessed on June 5, 2025