Financial analyst Javon Marks has identified a strong RSI momentum in XRP, indicating a potential bullish breakout with target prices of $15-$20 and potential returns of up to 2,000 percent. Marks highlighted this development in a recent post on X (formerly Twitter), pointing out the RSI pattern that suggests robust underlying momentum in XRP prices.
The RSI pattern, which has been forming lower highs and higher lows, indicates a decrease in momentum as the price consolidates within a symmetrical triangle pattern on the chart. This type of pattern historically precedes a significant price movement, either upward or downward. In this case, the RSI pattern supports the potential for an upward breakout. Marks projects a conservative target price range of $15 to $20 for XRP if the bullish breakout occurs, contingent on current market conditions.
“A conservative target for a breakout and logarithmic follow-through here could be $15-$20, which could result in a 20X-36X from here in a more than 2,000% run!”
This potential price surge represents a substantial increase, potentially yielding returns between 20 to 36 times the current value—an impressive gain exceeding 2,000 percent. The long-term target suggested by the chart is approximately $19.82, reflecting a potential 2905.05% increase from the current price level.
Looking at XRP’s historical price movements, Marks’ chart shows a dramatic spike in early 2018, where the price soared to approximately $3.84, marking an astounding increase of about 2907.25% from its lower price points. Following this peak, the price entered a prolonged downtrend, stabilizing by mid-2020. During this period of consolidation, XRP formed a symmetrical triangle pattern, indicating a potential breakout.
In addition to these projections, Marks has made bolder predictions for XRP’s future price movements. He envisions an ambitious $200 price target for XRP, implying an extraordinary 37,635% price surge from the current value of $0.53. This forecast draws inspiration from XRP’s historical rally in 2017/2018, where the cryptocurrency experienced a 75,000% increase following a breakout.
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