Analyst Says XRP’s $15 Target Has Still Not | Crypto News
Crypto analyst Javon Marks stays bullish on XRP even after its current price crash below $1.3. The analyst argued that the cryptocurrency’s long-term technical image factors to a potential surge effectively into the double-digit territory. According to Marks, XRP’s bullish roadmap toward $15 stays unchanged, underscoring his strong confidence in the altcoin’s means to push past prevailing bearish trends.
XRP Double-Digit Price Target Remains Unchanged
Sharing his outlook on X, Marks told followers that XRP’s measured transfer goal about $15 stays firmly intact, dismissing current price weak point as a short-term setback within a a lot bigger bullish construction. His accompanying chart spans over a decade of XRP’s price historical past, stretching from roughly 2014 through a projected timeline extending effectively into 2026.
Marks’ analysis highlights a recurring sample that has performed out across a number of market cycles. In each occasion, XRP fashioned a descending triangle or wedge formation and then skilled a downturn below a key assist stage, which the analyst labeled a “false breakdown.” Following this, XRP launched into a highly effective parabolic rally to new all-time highs.
This sequence of wedge formation and a subsequent false breakdown occurred notably in 2017 and again heading into 2021, each time producing extraordinary positive aspects in the price of XRP. According to Marks, the breakout that materialized in late 2024, when XRP rose from around $0.55 to over $2.2, mirrors the soar in 2017 that preceded a ultimate bull rally to $3.84 in 2018.
He argues that this development hints at another tenfold transfer in this cycle, representing a more than 900% increase in the XRP price. The chart also initiatives a peak goal someplace between $15 and $18, with a vertical measurement bar illustrating a potential surge of roughly 2,872.31%.
Analysts Stay Bullish On XRP As Whales Go Long
Analysts’ confidence in the XRP price stays strong despite broader market volatility and current price dips. Notably, market skilled Steph is Crypto has recognized a multi-year Cup and Handle sample on its chart that may set off a historic surge in XRP’s price.
According to the analyst, the upward trendline above the sample factors to a projected rally to the $4 stage. This price zone is highlighted as a key resistance space, and a decisive transfer above it may push XRP to its next goal above $30.
Interestingly, Steph’s bullish outlook for XRP comes as whales continue to go long on the cryptocurrency. Recent experiences from market skilled Xaif Crypto reveal that a whale opened a large $3.34 million long place on XRP. He famous that the whale held $193,000 equity with a 104% margin, primarily going all in with no security internet.
This transfer underscores the whale’s strong confidence in XRP’s bullish potential. However, Xaif Crypto has cautioned that if XRP drops to $1.37, then the whale may lose all the things. It’s important to notice that the XRP price has already declined below $1.3 and now sits close to $1.28 at the time of writing.
Featured image from Vecteezy, chart from TradingView
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