Despite prolonged underperformance, investors are eagerly waiting for the XRP surge many analysts have promised. They might not have to wait long, as Javon Marks (@JavonTM1), one of the top crypto analysts on X, predicts a massive surge soon.
XRP’s price has not changed significantly over the past year. Despite minor surges, XRP is down 7.68% from this price at this time last year. XRP has fallen over the past 24 hours, trading at $0.401, down 10%.
Despite the short-term volatility, Marks emphasizes that a substantial development is imminent for XRP. This confidence stems from his analysis of the token’s current price patterns.
He identifies a coiling formation similar to those observed in XRP’s historical bull runs. Additionally, high trading volume and a confirmed bullish divergence signal further suggest a potential breakout on the horizon.
Historically, XRP has experienced explosive growth. Marks points to the 2017 bull run when the token reached an all-time high of $3.84 in January 2018 after surging over 110,000%. While not necessarily predicting a replication of that exact magnitude, he suggests the continuation of a similar aggressive bull run is a possibility.
Potential Price Targets
Marks offers a two-part prediction for XRP’s future trajectory. The first stage anticipates a surge towards the $1.44 price point. This prediction is based on XRP’s significantly low RSI and a Hidden Bullish Divergence.
Reaching $1.44 would be significant as it would represent a breakout from a six-year price consolidation pattern. This achievement could trigger a more substantial price increase.
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Two Bullish Scenarios for XRP
Following the potential breakout at $1.44, Marks proposes two bullish scenarios. The most optimistic scenario envisions XRP surpassing the $200 mark. This would represent a staggering increase of over 45,000% from its current price and is based on historical data and the possibility of a full logarithmic price follow-through.
Marks suggests XRP could reach $15-$20 in a more conservative scenario. This significant growth, representing a potential 4,414% increase, would still be highly rewarding for investors.
Javon Marks’ analysis provides a compelling reason for XRP investors to remain optimistic. One way XRP can reach this target is through increased adoption, and Grok, Elon Musk’s AI, recently weighed in on XRP adoption as a payment option on X.
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 urged to do in-depth research before making any investment decisions. Times Tabloid is not responsible for any financial losses.
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