Financial analyst Javon Marks has identified a strong RSI momentum in XRP, suggesting a bullish breakout with target prices of $15-$20 and potential returns of up to 2,000 percent. Marks highlighted this development in a recent X (formerly Twitter) post, noting an RSI pattern that indicates robust underlying momentum in XRP prices. According to Marks’ analysis, the RSI pattern has formed a series of lower highs and higher lows, indicating a potential upward breakout. If this occurs, Marks predicts a conservative target price range of $15 to $20 for XRP, which could result in a 20X-36X increase from the current value, equating to over a 2,000 percent gain. The long-term target suggested by the chart is approximately $19.82, reflecting a potential 2905.05% increase from the current price level.
In early 2018, XRP experienced a significant spike, reaching a price of approximately $3.84, marking a remarkable increase of about 2907.25% from its lower price points. Following this peak, the price entered a prolonged downtrend, stabilizing in mid-2020. During this consolidation period, XRP formed a symmetrical triangle pattern, indicating a potential breakout.
Marks has also made bolder predictions for XRP’s future price movements, envisioning a $200 price target. With the current value at $0.53, this forecast suggests a price surge of 37,635%. This projection is inspired by XRP’s historical rally in 2017/2018, where the cryptocurrency experienced a 75,000% increase following a breakout.
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