Cryptocurrency

XRP Price Prediction: Bullish Analyst Sets $200 Price Target

Von Marks, a renowned online figure and cryptocurrency expert, recently shared an analysis of the XRP price trajectory.

The seventh largest crypto asset has been consolidating around the $0.5 price region, possibly in preparation for the bull season expected to be led by the Bitcoin halving estimated to play out in April.

At press time, XRP is trading at $0.58, with a relative 6% price upsurge in the last 24 hours, according to CoinMarketCap.

Read Also: As FOMO Is About to Hit Hard at $2, Analyst Predicts 6,425% XRP Rocket Surge to $40

XRP’s Unprecedented Rally Is Imminent

In a post on X, Javon shared an analysis about XRP surpassing $200. Mathematically, XRP to $200 from the current price implies a surge of about 34,382%.

For someone with a basic knowledge of the crypto market principles, the surge above appears quite ridiculous for a short-term target, which is the case for the analysis shared by Javon.

Explaining why he is unusually bullish on XRP, the crypto expert noted that another set of higher lows is holding, and another breakout just happened. According to Javon, the persevering higher lows and the just concluded breakout are indications that XRP is on the path to attaining a new all-time high, possibly above $200 soon.

Javon’s Latest Analysis Parallels Historical Trend

As with most crypto analyses, historical trends tend to be often involved. As usual, Javon cited trends from 2013 to early 2018. 

XRP attained its all-time high (ATH) in January 2018 after spiking by more than 60,000% to reach $3.81. Before the ATH played out, the digital asset had witnessed a bearish decline for almost four years.

Between December 2013 and 2017, the digital asset attempted to break out twice, failing on both occasions. Its persistence eventually paid off, leading to beating the resistance around late 2017.

Read Also: XRP to $5.8? Based On Analysis of Corrections from $1.966, Analyst Predicts 1,105% Surge

Comments And Reactions From the XRP Community

As expected, Javon’s analysis was greeted with reactions by the crypto community members, especially the XRP enthusiasts.

An X user argued that the presentation lacked real-life application as it entails an XRP market cap that will skyrocket to around $200 trillion.

Another user asserted that a $200 price target would take about 50 years. He noted that the focus should be on how to break above $1.


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

Chinedu Agbakwusi

Chinedu Agbakwusi is a medical student at the prestigious Nnamdi Azikiwe University with sound knowledge of the crypto space. I am here to be a reliable plug for well-researched crypto content ranging from crypto news to market analyses and blockchain inventions.

Recent Posts

Crypto Analyst’s Price Prediction Takes Community By Storm: XRP Price At $100 And Dogecoin At $55?

Price predictions are increasingly becoming an intrinsic feature in the crypto landscape, and a famous…

3 hours ago

Top Crypto ICO to Watch in 2024: Missed Ethereum? This New Viral Crypto Presale Could Be Your Next Chance

In 2014, Ethereum’s Initial Coin Offering (ICO) took the world of cryptocurrency by storm, raising…

5 hours ago

17 Trillion SHIB In 24 Hours: Here’s What Happened

Shiba Inu is experiencing a surge in market activity, capturing attention with approximately 17 trillion…

8 hours ago

Expert Expects SHIB Higher Time Frame Continuation, Calls SHIB Army to Buy the Dip

Crypto chartist CryptoAmsterdam recently advised Shiba Inu (SHIB) investors to view every price dip as…

9 hours ago

Ripple CTO Explains Investment Contract and Why SEC Is Wrong About XRP

David Schwartz, Ripple’s Chief Technology Officer, recently highlighted significant distinctions between contracts and “reasonable reliance,”…

9 hours ago

Best Crypto to Buy Now: Top Picks for 2025 Growth Potential

Bitcoin's recent all-time highs have brought the cryptocurrency market to a crucial turning point that…

10 hours ago