{"id":57588,"date":"2025-08-12T15:28:39","date_gmt":"2025-08-12T15:28:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-price-up-over-550-since-november-technical-setup-suggests-possible-rally-toward-34\/"},"modified":"2025-08-12T15:28:39","modified_gmt":"2025-08-12T15:28:39","slug":"xrp-price-up-over-550-since-november-technical-setup-suggests-possible-rally-toward-34","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-price-up-over-550-since-november-technical-setup-suggests-possible-rally-toward-34\/","title":{"rendered":"XRP price up over 550% since November, technical setup suggests possible rally toward $34"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Ripple-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Ripple-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Ripple-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/Ripple-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Breakout from a seven-year double-bottom pattern confirmed.<\/li>\n<li>95% probability of spot ETF approval influencing sentiment.<\/li>\n<li>XRP Ledger market cap-to-TVL ratio stands at about 2,200.<\/li>\n<\/ul>\n<p data-start=\"95\" data-end=\"797\">XRP has surged more than 550% since November, climbing above $3 on Tuesday, and sparking discussions in the crypto market about its next potential milestone.<\/p>\n<p data-start=\"95\" data-end=\"797\">Technical analyst Gert van Lagen has pointed to a long-term chart pattern suggesting the token could rise to $34 by mid-2026.<\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p data-start=\"95\" data-end=\"797\">This projection is based on the completion of a multi-year double-bottom structure, a bullish pattern often followed by substantial price moves.<\/p>\n<p data-start=\"95\" data-end=\"797\">Historical precedents, recent legal developments, and strong ETF approval expectations are also influencing investor sentiment, although on-chain metrics point to valuation risks that could temper the rally.<\/p>\n<p data-start=\"95\" data-end=\"797\">XRP is now trading at $3.19, down by 0.79% in the past 24 hours.<\/p>\n<figure id=\"attachment_329365\" aria-describedby=\"caption-attachment-329365\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-329365\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/XRP-2.jpg\" alt=\"XRP price \" width=\"1512\" height=\"560\"\/><figcaption id=\"caption-attachment-329365\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<h2 data-start=\"799\" data-end=\"849\">Technical breakout points to a multi-year rally<\/h2>\n<p data-start=\"851\" data-end=\"1282\"><a href=\"https:\/\/x.com\/GertvanLagen\/status\/1954970514147119467\">According to Van Lagen<\/a>, XRP has broken out of a seven-year double-bottom pattern after pushing above the neckline resistance near $1.80.<\/p>\n<p data-start=\"851\" data-end=\"1282\">The breakout was followed by a retest of the neckline, which acted as support.<\/p>\n<p data-start=\"851\" data-end=\"1282\">In technical analysis, such a retest is often interpreted as confirmation of a strong breakout.<\/p>\n<p data-start=\"851\" data-end=\"1282\">Using a 2.00 Fibonacci extension, the measured-move projection from this setup points to a target of $34 by mid-2026.<\/p>\n<p data-start=\"1284\" data-end=\"1558\">This setup resembles XRP\u2019s 2014\u20132017 price action, when a similar long-term base led to a parabolic rally of over 100,000%.<\/p>\n<p data-start=\"1284\" data-end=\"1558\">XRP\u2019s markets have seen multiple instances of large gains, including a 1,072% rise from the 2022 lows and a 1,625% surge during the 2020\u20132021 cycle.<\/p>\n<h2 data-start=\"1560\" data-end=\"1600\">Market drivers boosting XRP\u2019s rally<\/h2>\n<p data-start=\"1602\" data-end=\"2097\">The 2020\u201321 rally coincided with near-zero interest rates in the US, while the current gains have been driven by developments in the Ripple lawsuit, improved legal clarity, exchange relistings, and optimism for a spot XRP exchange-traded fund (ETF).<\/p>\n<p data-start=\"1602\" data-end=\"2097\">In 2025, market sentiment has been particularly influenced by forecasts indicating a 95% probability of spot ETF approval.<\/p>\n<p data-start=\"1602\" data-end=\"2097\">Analysts suggest that if an approval comes through, XRP could climb toward $27, bringing it close to Van Lagen\u2019s target.<\/p>\n<p data-start=\"2099\" data-end=\"2360\">The ETF narrative has helped maintain bullish momentum this year, with traders factoring in the potential influx of institutional capital.<\/p>\n<p data-start=\"2099\" data-end=\"2360\">In past cycles, major inflows often occurred when regulatory milestones were reached, creating strong short-term surges.<\/p>\n<h2 data-start=\"2362\" data-end=\"2409\">Onchain metrics signal overvaluation risks<\/h2>\n<p data-start=\"2411\" data-end=\"2894\">Despite the strong rally, onchain data highlights concerns.<\/p>\n<p data-start=\"2411\" data-end=\"2894\">XRP Ledger (XRPL), the blockchain underpinning XRP, shows much lower activity levels than other major layer 1 blockchains, including Ethereum.<\/p>\n<p data-start=\"2411\" data-end=\"2894\">Data from DefiLlama indicates that while XRP has a market capitalisation of $190 billion, its total value locked (TVL) stands at just $85 million \u2014 a ratio of about 2,200.<\/p>\n<p data-start=\"2411\" data-end=\"2894\">By comparison, Ethereum\u2019s ratio is around 5.6, even though XRP\u2019s market value is nearly 40% of Ethereum\u2019s.<\/p>\n<p data-start=\"2896\" data-end=\"3306\">Another potential challenge is that over 95% of XRP\u2019s circulating supply is currently in profit, according to Glassnode.<\/p>\n<p data-start=\"2896\" data-end=\"3306\">Historical data shows that in previous rallies, such a level of profitability often preceded significant price corrections, as profit-taking intensified and selling pressure mounted.<\/p>\n<p data-start=\"2896\" data-end=\"3306\">This trend was observed during the 2020\u201321 and 2022\u201325 cycles, when similar conditions led to pullbacks.<\/p>\n<p data-start=\"3308\" data-end=\"3582\">While technical patterns and market drivers are currently supporting XRP\u2019s bullish case, the imbalance between valuation and onchain activity, coupled with elevated profit-taking potential, suggests that sustaining a rally toward $30 and beyond may face strong resistance.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/xrp-price-up-over-550-since-november-technical-setup-suggests-possible-rally-toward-34\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Breakout from a seven-year double-bottom pattern confirmed. 95% probability of spot ETF approval influencing sentiment. XRP Ledger market cap-to-TVL ratio stands at about 2,200. XRP has surged more than 550% since November, climbing above $3 on Tuesday, and sparking discussions in [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":57589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57588"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=57588"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/57589"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=57588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=57588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=57588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}