XRP Price Forecast Highlights Potential Surge Amid Chart Signals

XRP Price Forecast Highlights Potential Surge Amid Chart Signals

Technical Analysis Points to a Possible Rally

A recent XRP price forecast has sparked considerable discussion within the cryptocurrency community, as technical analyst Gert van Lagen projects a potential surge toward $38 per token. This target represents an extraordinary increase of approximately 1,190% from the current price of $2.84. Van Lagen’s prediction is grounded in long-term chart patterns, notably a double bottom and an ascending triangle formation observed over a seven-year period. These patterns have historically preceded significant bullish breakouts in various markets.

On July 15, 2025, van Lagen shared his analysis on social media platform X, emphasizing the rarity and strength of these technical setups. He referenced Investopedia’s insights on double bottom reversals, which have often resulted in price gains of twofold or more when confirmed. XRP’s recent defense of the $2.80 support level, following months of consolidation below $2.40, adds further context to this outlook. However, reaching the $38 mark would imply a market capitalization near $2.3 trillion, surpassing Bitcoin’s current valuation of approximately $1.2 trillion—a prospect that has elicited skepticism among many investors and analysts.

Market Dynamics and Regulatory Challenges

The realization of such an ambitious price target would depend on a confluence of factors beyond technical signals. Substantial inflows from both retail and institutional investors, regulatory clarity, and broader adoption of Ripple’s ecosystem—including the XRP Ledger and RLUSD stablecoin—would be essential. The ongoing legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to cast a shadow over XRP’s prospects, with many market participants viewing the forecast as overly optimistic given the unresolved regulatory environment.

Market sentiment remains mixed. While bullish momentum could potentially drive XRP to around $7 in the near term, significant risks persist. Notably, XRP may face selling pressure from its most profitable holders, which could precipitate a sharp correction of up to 35%, bringing prices down to the $1.35–$1.60 range. The ascending triangle pattern, typically a continuation signal, requires sustained trading volume and positive sentiment to materialize into a breakout. In the highly volatile cryptocurrency market, such outcomes are far from assured, especially amid regulatory uncertainties and fluctuating investor confidence.

Divergent Views Reflect Ongoing Uncertainty

Van Lagen’s optimistic forecast contrasts sharply with more cautious community expectations. Data from Binance reveals that the majority of users anticipate XRP’s price will remain below $10 during the current market cycle, underscoring prevailing skepticism despite XRP’s resilience above $2.80 and recent increases in trading volume. Technical indicators also suggest caution, with the Relative Strength Index (RSI) exhibiting bearish divergence—a sign of potential profit-taking and exits by traders who had previously been trapped in losing positions.

The market continues to monitor potential catalysts that could influence XRP’s trajectory, including forthcoming announcements from Ripple, regulatory developments, and competitive dynamics within the broader crypto sector. While the technical patterns identified by van Lagen suggest the possibility of a substantial rally, the combination of regulatory headwinds and divided investor sentiment highlights the considerable uncertainty that remains over XRP’s future performance.