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TimesTabloid 2025-08-13 16:30:38

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

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

XRP’s price history shows repeating patterns that have now aligned in a way some market analysts view as highly bullish. Crypto analyst Cryptobless (@Cryptobless7070) has identified a completed 7-year double bottom retest on XRP’s chart, pointing toward a double-digit target as the first major price target following the latest breakout. Pattern Repeats from 2014 to 2017 Cycle Between 2014 and 2017, XRP formed a double bottom pattern . After an initial rejection at the neckline, the asset rallied again and rose to its previous all-time high of $3.36. This marked the conclusion of that cycle’s bottoming process and set the stage for a prolonged consolidation. The latest cycle shows a similar development, but on a larger scale. Following the 2018 market downturn, XRP entered a multi-year formation that mirrored the earlier double bottom. The price action built steadily toward the neckline before breaking through in late 2024. #XRP $34 as First Target as 7-Year Double Bottom Retest Completes. pic.twitter.com/H37sdn36IH — Cryptobless (@Cryptobless7070) August 12, 2025 XRP Breakout and Retest in 2025 The breakout initially stalled in early 2025. In February, XRP’s price fell with the broader market , producing a temporary pullback. This move served as a retest of the breakout level, confirming the pattern’s structural integrity. By July 2025, XRP had not only recovered but had also posted a new all-time high of $3.65 . This move cemented the breakout, with the pattern now considered complete according to the chart analysis presented by Cryptobless. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP’s First Target Following this confirmation, Cryptobless believes $34 is the first target for XRP . The $34 projection is based on the measured move principle, applying the height of the double bottom pattern to its breakout point. This target represents the first major milestone in the analyst’s outlook, with the potential for further gains if momentum holds. At present, XRP is trading near $3.27, consolidating gains made since July’s peak. The $34 target represents a 939.75% increase from the current level, and market participants are now watching key levels and broader market conditions to assess whether the asset can maintain upward pressure toward the projected target. The current setup is a major technical event for XRP, and the pattern’s size and duration increase the probability of a significant follow-through move. While the asset might face some short-term volatility, the long-term structure provides a clear bullish framework for traders and investors. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Market Strategist Sets $34 as First Target Based On this Historic Signal appeared first on Times Tabloid .

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