Based On XRP Crucial Pattern Completion, Analyst Sets Triple-digit Price Target

Javon Marks (@JavonTM1), a well-respected crypto analyst on X, has issued a bold prediction for XRP, suggesting the cryptocurrency could experience a substantial price surge of over 41,400%. This would propel XRP past $150, according to Marks’ analysis.

The analyst’s prediction is based on a detailed examination of XRP’s historical price movements. The $150 target is significant because XRP’s all-time high is $3.84, an insignificant level compared to this target. XRP reached this level in January 2018 after the 2017 bull run. Following this, it entered a prolonged consolidation period.

This consolidation period, characterized by progressively lower highs and relatively stable lows, has discouraged investors. Despite this, Marks shows that this pattern, when visualized on a logarithmic chart, forms a descending triangle. He believes that XRP is currently nearing a breakout from this pattern, which could trigger a substantial price increase.

XRP’s Upcoming Surge

To support his claim, Marks highlights two key patterns on the chart: a long-term descending triangle and a smaller symmetrical triangle within it. The latter pattern, characterized by a tight trading range, indicates an impending breakout. A recent test of the descending triangle’s upper boundary further reinforces the possibility of an imminent bullish movement.

If XRP successfully breaks out of the descending triangle, Marks anticipates a price surge exceeding 41,400%. This would elevate XRP’s value to $150 or higher. Times Tabloid recently reported on XRP’s potential path to $128, and the $150 target has reinforced the belief of the community in a triple-digit target.

However, realizing this dramatic increase requires sustained market strength and a complete logarithmic follow-through. This term refers to the historical price action exhibiting an exponential growth pattern when viewed on a logarithmic scale.

While the prospect of a significant XRP price increase has generated excitement among market participants, some remain skeptical. One user argued that XRP’s tokenomics would not allow this price. Many in the community have highlighted this problem, as this price would mean a market capitalization of $8.2 trillion, a figure they consider unrealistic.

Despite the skepticism, recent data supports the potential for a bullish breakout. XRP’s price has surged by over 60% since July 5, reaching a high of $0.6266, a price it has not reached since April.

With the rapidly rising bullish sentiment, XRP could be on the verge of a massive surge. Although some see Marks’ target as unreachable, other prominent analysts have set higher targets, and $150 could be just the start of XRP’s journey.

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. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on Twitter, Facebook, Telegram, and Google News