Market Strategist Sets $34 as First Target Based On this Historic Signal

Key Points

1. Crypto analyst Cryptobless (@Cryptobless7070) identified a 7-year double bottom retest on XRP’s chart, signaling a bullish trend with a first target of $34.

2. The pattern mirrors XRP’s 2014-2017 cycle, where a double bottom formation preceded a significant price surge, culminating in an all-time high of $3.36.

3. In 2025, XRP broke out after a multi-year formation, retested the breakout level in February, and later reached a new all-time high of $3.65 by July.

4. The $34 target is derived from the measured move principle, representing a 939.75% increase from XRP’s current price of around $3.27.

5. The analyst views this setup as a major technical event, with the pattern’s size and duration increasing the likelihood of a significant upward move.