Crypto analyst Javon Marks has provided a bullish outlook for the XRP price, predicting that the altcoin could record a 44x increase. The analyst also explained why he believes that XRP could witness such a parabolic surge.
Why The XRP Price Could Surge 44x
In an X post, Javon Marks asserted that the XRP price could 44x from its current level. He explained that in 2017, XRP broke out of a pennant pattern and surged wildly towards its first target at $0.0609 before using it as a light resistance and breaking well above on a run towards the meeting of its second.
The analyst revealed that XRP recently broke out of a larger pennant pattern, surging widely towards its first target at $3.317 before using it as a light resistance. He added that next up can be a break well above this first target at $3.317 and a run towards the meeting of the second target, which is currently at $99.
Marks noted that $99 is currently over 4,331% away, meaning that the XRP price could 44x from here. In the short term, crypto analyst Egrag Crypto has revealed what lies ahead for Ripple’s coin, predicting that it could revisit the lows around $1.9 to $1.7 and then test the upper range at $2.80 to $3.00.
A retest of this $3 range could ultimately lead to a breakout from this light resistance, as mentioned by Javon Marks. XRP would then rally to a new all-time high (ATH), which could eventually pave the way to the $99 target.
The Altcoin Is Approaching A Critical Breakout Zone
Crypto analyst CasiTrades stated that the XRP price is approaching a critical breakout zone. She noted that after testing the .786 Fib support at $2.05 over the last few days, the altcoin is now bouncing strongly again, with the price heading right back into the first big test at $2.17.
The analyst remarked that this level has acted as key resistance before, and while the structure is looking bullish, the altcoin is not in the clear just yet. She went on to outline two scenarios, which she laid out on her accompanying chart.
The first scenario is the bullish case. Here, the analyst stated that if the $2.05 low was the final bottom, then XRP is now building a new impulsive trend. She added that a clean breakout above $2.25 would be a major sign of strength. Meanwhile, a break above $2.36 and hold would officially invalidate any idea of one final move lower, as it would confirm that Wave 1 is in.
The second scenario CasiTrades outlined is the bearish case. She claimed that if the XRP price struggles to flip $2.17 and $2.25 to support, then the altcoin could still be inside a final subwave 5 down toward the $2 region. The analyst remarked that $2.26 would be a short-term confirmation, while a break above $2.36 would confirm a trend reversal and that XRP is heading for new highs.
The Bitcoin price is currently rallying and hit $87,000 today, which is bullish for altcoins like XRP. However, all eyes are still on the effects of Donald Trump’s reciprocal tariffs as they could significantly impact the crypto market.
The post Here’s Why This Analyst Believes XRP Price Could Surge 44x appeared first on CoinGape.
