Famed analyst Javon Marks predicts that XRP has the potential to soar by a staggering 39,000% to $200 or 4,039% to $20 once its bullish momentum kicks in.
Over the past seven days, XRP has demonstrated positive performance and settled at approximately $0.4831. However, investors are still reeling from a 7% loss over the last 30 days. Zooming out for perspective, XRP’s trajectory over the past year shows a modest gain of 7%.
For years, XRP investors have awaited a bull run as indicated by various indicators. The anticipation continues to mount and keen market observers believe that patient investors will soon reap significant rewards.
In his recent commentary on XRP, analyst Javon Marks echoed this sentiment. While acknowledging the widely anticipated symmetrical triangle breakout yet to come forth, he is confident that “something massive” is on the horizon for XRP.
Marks’ confidence stems from his observation of current price patterns in XRP which exhibit a coiling formation similar to those observed in the past. He also highlights high trading volume and confirmed hidden bullish divergence as indicators pointing toward an imminent major development for XRP.
The analyst pointed out that during the previous uptrend phase, XRP surged by over 110,000%. He emphasized that should such an aggressive bull run continue; it could be similarly extreme.
Notably recalling mid-2017 when XRP traded with two leading zeros before reaching an all-time high in early-2018.
XRP May Reach $1.44 First Before an Aggressive Bull Run
According to Marks’ analysis, continuation of the bull pattern may first involve a short-term rally up to reach $1.44 based on indications from RSI and hidden bullish divergence indicators.
Marks believes hitting this price point will trigger an exceptional uptrend continuation since prices in this area can break through the long-standing six-year coil pattern.
It is worth noting that for XRP to hit $1.44 requires a rally of about 95.69%. In case this happens as anticipated by Marks’ analysis he outlined two possible scenarios.
XPR Could Rally by Overwhelming Percentages
In more optimistic circumstances according to Mark’s analysis suggests it could surpass even $200 representing more than a four hundredfold increase from current levels equating it with astounding climb soaring up by staggering no less than 39,000%.
This estimation is based on historical data and potential logarithmic follow-through.
In another scenario suggested by Mark’s even without full logarithmic follow-through; it could reach heights between $15-$20 supported by technical data indicating substantial growth ahead considering its current trading level at approximately$0 .4831
Disclaimer: This content serves informational purposes only and should not be considered financial advice.The views expressed may include personal opinions of author readers are encouraged perform thorough researches before making any investment decisions.The Crypto Basic expressly disclaims responsibility towards any financial losses resulting thereof
