A crypto analyst predicts a massive price breakout for XRP, the native token of the XRP Ledger (XRPL), possibly soaring by 42,263% to reach $280. Despite sluggish performance, the analyst sees strong potential this bullish cycle.
In an X post on August 22, analyst Javon Marks shared optimistic projections for XRP, noting significant points for potential upward momentum. Marks identified a triangle pattern in XRP’s price movements from 2014 to 2024, similar to the one before its surge to $3.84 in 2018.
The analyst forecasts a 42,263% surge, potentially bringing XRP to around $253.15. Marks noted that if XRP’s price increases by 3% to 4% from its current price, it could trigger the breakout. However, XRP has been stuck in a triangle pattern for six years.
After the Ripple vs. SEC court battle, XRP saw a price surge, trading above $0.6 but has since struggled to hold this level. It currently trades at $0.598. Another analyst, 'XRP Captain,’ sees a 'bull flag' pattern on the 4-Hour chart, predicting a rise to $0.65 if broken.
