XRP (Ripple) Targets $100 with Repeating Technical Pattern

The XRP (Ripple) cryptocurrency is showing strong signs of potential for a significant price increase as historical patterns repeat themselves on the charts. XRP has formed a bullish double-bottom pattern and recently broke above an important resistance level, indicating a possible upcoming price surge. Trader Gert van Lagen believes that XRP could hit $100 as the next target, based on the current technical analysis.

The resurgence of optimism in the cryptocurrency market has brought XRP back into focus, as charts hint at a potential bullish breakout. The repeated pattern of a double-bottom formation in XRP’s price structure reflects previous cycles that led to substantial price increases in the past.

The recent chart analysis shows that XRP has successfully breached its historical resistance level, which is considered an all-time high (ATH). Following the breakout, XRP underwent a retest of the breakout zone, a critical signal indicating the continuation of an upward trend. This setup closely resembles past price movements that have resulted in significant gains for XRP.

Gert van Lagen’s analysis points towards an ambitious target of $100 per XRP if the current pattern plays out fully. The projected price path indicates a sharp vertical rally, reminiscent of XRP’s breakout in 2017 following a period of accumulation. While such a price surge remains speculative, the current technical alignment has generated excitement among XRP enthusiasts, especially in light of the recent regulatory clarity and positive sentiment in the broader crypto market.

If XRP follows the trajectory observed in previous cycles, there could be a substantial rally in its price in the coming months. With the double bottom pattern confirmed and the technical resistance surpassed, all eyes are now focused on whether XRP can attain and maintain the symbolic $100 mark.