Analyst Predicts XRP Parabolic Rally to $38 After Neckline Bounce

• Seven-year XRP double bottom pattern completion suggests extended breakout potential.
• XRP maintains support above $2 neckline despite six-month consolidation period.
• Target of $38 would deliver 1,238% gains from current $2.84 trading level.

After XRP recovered from the neckline of a seven-year double bottom pattern, Dutch market expert Gert van Lagen forecasted a parabolic XRP recovery.

His analysis identifies this structure as one of the most extensive patterns in cryptocurrency history, suggesting that longer formation periods typically produce more powerful breakouts.

The double bottom pattern completed during November 2024’s market surge when XRP reached $2 in early November, establishing the neckline breakthrough. This bullish reversal structure indicates potential trend change from bearish to bullish conditions when price action successfully breaks above key resistance levels.

XRP’s subsequent rally peaked at $3.40 by January 2025 before encountering resistance that pushed the token below $3 throughout February. The correction initiated a consolidation phase lasting over six months, testing the durability of the double bottom breakout and neckline support.

Neckline defense validates breakout authenticity

Despite the extended consolidation period, XRP maintained trading levels above the critical $2 neckline, providing technical validation for the double bottom breakout. This price defense indicates underlying strength and suggests the formation remains intact rather than failing like many false breakouts.

Market behavior following major breakouts often includes consolidation phases that retest previous resistance levels before resuming upward movement. XRP’s ability to hold above $2 during this testing period aligns with typical post-breakout dynamics that build foundation for subsequent advances.

Current market conditions show XRP pushing above the $2 neckline region with conviction, prompting van Lagen’s parabolic rally prediction. The analyst’s $38 target would require a 1,238% increase from present trading levels around $2.84, placing XRP well above its previous all-time high.

CryptoInsightUK provided similar analysis in December, projecting XRP could reach $35 levels based on technical formations. The convergence of multiple analytical viewpoints on comparable price targets adds credibility to aggressive upside projections.

Van Lagen considers his $38 target conservative when compared to historical precedent from XRP’s 2017 performance. The previous cycle’s double bottom breakout generated over 13,000% gains, reaching $3.80 by January 2018 and exceeding parabolic targets by 2x multiples.

The 2017 comparison suggests current technical formations could produce similar explosive results given appropriate market conditions. However, current market dynamics include institutional participation and regulatory clarity that differ from previous speculative cycles.