Crypto analyst Javon Marks remains bullish on XRP even after its recent price drop below $1.3. The analyst said that the long-term technical picture of the cryptocurrency points to a potential upside a two-digit place. According to Marks, the roadmap for XRP towards $15 remains unchanged, underscoring his strong confidence in the altcoin’s ability to move forward. the trends are there.
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XRP Digital Price Double Remains Unchanged
Sharing his opinion on X, Marks he told fans that XRP’s limited move around $15 remains strong, dismisses them recent price weakness as a temporary reversal within a larger bullish structure. His accompanying chart covers ten years of XRP price history, starting around 2014 with a projected timeline of up to 2026.
Market analysis highlights a repeating pattern that has played out over many market cycles. In each case, XRP is forming a descending triangle or a wedge formation and then a decline below a key support level, which the analyst wrote as “false separation.” Following this, XRP launched a strong parabolic rally to new all-time highs.
This sequence of wedge formations and subsequent false breakouts occurred prominently in 2017 and into 2021, each time producing extraordinary gains in the price of XRP. According to Marks, the spike that occurred in late 2024, when XRP rose from around $0.55 to over $2.2, reflects the jump in 2017 that preceded it. the last bull rally was to $3.84 in 2018.
He says this development points to another tenfold move in this cycle, representing a more than 900% increase in XRP’s price. The chart also forms a target high somewhere between $15 and $18, with the vertical measurement bar indicating a potential upside of 2,872.31%.
Analysts Remain Bullish on XRP as Whales Go Longer
Analyst confidence in XRP’s value remains strong despite broader market volatility and recent price declines. Notably, market expert Steph owns Crypto identified many years Cup and Handle pattern on its chart that may initiate a historic rise in the price of XRP.
According to the analyst, the rising trend line above the pattern indicates a proposed rally towards the $4 level. This price area has been highlighted as a key resistance area, and a decisive move above it could push XRP to it. next target above $30.
Interestingly, Steph’s XRP vision comes as whales continue to go long on cryptocurrency. Latest reports from market expert Xaif Crypto reveal that whale opened a huge $3.34 million position in XRP. He noted that the whale held $193,000 in equity with a 104% margin, essentially going all in without a safety net.
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This move underscores the whale’s strong confidence in XRP’s bullish potential. However, Xaif Crypto has warned that if XRP drops to $1.37, then the whale can lose everything. It is important to note that the The price of XRP has already declined below $1.3 and now sits near $1.28 at the time of writing.
Featured image from Vecteezy, chart from TradingView
