In a note on X dated January 14, Van Lagen pointed out that a double bottom formed during the 2017-2018 cycle, when XRP soared to its all-time high of around $3.50 after breaking through the "neckline" resistance level and successfully retesting it.
Currently, within the existing market cycle, the analyst observed that XRP has replicated this structure, bouncing off the "neckline" after retesting.
Van Lagen's forecast suggests that XRP could follow a similar trajectory, with the next target potentially being around $100.
It is important to note that while such growth may be driven by fundamental factors like Ripple's partnerships and regulatory changes, it remains a highly ambitious goal. Achieving this level will also require substantial support from a broadly sustainable growth in the cryptocurrency market.