XRP $100 this cycle? An analyst has warned of a historical pattern in the cryptocurrency that could lead it to reach epic heights soon.

The cryptocurrency market is always looking for the next big breakout, and Ripple's token XRP is once again in the spotlight. Recently, we have seen a surge in interest

Cryptocurrency XRP could be set to reach $100 this cycle, according to an analysis that has highlighted a historical pattern in the token.

The cryptocurrency market is always on the lookout for the next big breakout, and XRP is once again in the spotlight.

Recently, we have seen a surge in interest in digital assets, driven by discussions about regulations and institutional adoption. In this scenario, a technical analysis has generated great repercussion among XRP investors: the possibility of the token reaching the impressive $100 mark.

This bold projection comes from technical analyst Gert van Lagen, who spotted an intriguing historical pattern on XRP’s chart. According to him, the token has confirmed a breakout from a double bottom, a chart formation considered a bullish signal.

For those unfamiliar with technical analysis, a double bottom resembles the letter “W” on the price chart, indicating a trend reversal from bearish to bullish.

What makes this analysis even more interesting is the comparison with the 2017-2018 cycle, when XRP reached its all-time high near $3,50. Back then, the token also exhibited a double bottom pattern before its significant appreciation. Van Lagen noted that XRP has repeated this structure in the current cycle, including a retest of the neckline after the breakout, which reinforces the similarity between the two periods.

The analogy with the past opens up the possibility of a significant rally for XRP, with a potential target around $100.

“XRP [2W] – Bouncing off Double Bottom neckline after successful retest at ❌. Will history repeat itself and $XRP head to $100 this cycle?” wrote the analyst.

However, it is crucial to take this scenario with a grain of salt. Reaching this milestone would represent a massive increase in XRP’s market value, which would require robust support from the entire cryptocurrency market, as well as positive developments for Ripple, such as new partnerships and regulatory advancements.

At the time of publication, the price of XRP was quoted at US$2,57, up 9.9% in the last 24 hours.