Rally

<a href="https://bitcoinist.com/33000-move-for-xrp-price/">Crypto analyst Javon Marks</a> has remained a long-term believer in the XRP potential despite the <a href="https://bitcoinist.com/xrp-price-action-legal-expert/">crypto token’s underperformance</a> since the start of the year. The analyst has again provided a bullish narrative for XRP, predicting that a massive rally is on the horizon.&nbsp; 
<h2 id="xrp-could-be-rise-between-15-and-20-following-major-breakout">XRP Could Be Rise Between $15 and $20 Following Major Breakout</h2> 
Marks mentioned in an X (formerly Twitter) <a href="https://x.com/JavonTM1/status/1808145636253999353" rel="nofollow" target="_blank">post</a> that XRP rising to between $15 and $20 could be in play following an imminent breakout from the <a href="https://bitcoinist.com/symmetrical-30000-xrp-price/">symmetrical triangle</a> he highlighted on his chart. The analyst noted that these breakout price targets were his conservative ones without the “entirety of a full Logarithmic Follow through.” 
<img loading="lazy" decoding="async" class="size-medium wp-image-308761" src="https://bitcoinist.com/wp-content/uploads/2024/07/XRP-1.png?w=512&amp;resize=512%2C312" alt="XRP 1" width="512" height="312" data-recalc-dims="1"> 
&nbsp; 
Interestingly, the analyst claimed that based on historical data, a Full Logarithmic Follow-Through could result in a price gain of over 39,000% for XRP, with the <a href="https://bitcoinist.com/xrp-price-34000-to-200-crypto/">crypto token rising to $200</a>. The analyst believes such a price rally is indeed possible for the cryptocurrency, noting that the <a href="https://www.newsbtc.com/news/ripple/xrp-price-61000-surge-analyst/" rel="nofollow noopener" target="_blank">crypto token has done this before</a>.&nbsp; 
Marks also provided a further technical analysis of XRP’s price indicators and explained why he believes a rally is close. He claimed that the already confirmed Hidden Bullish Divergence, plus the way “prices are shaping up” and high volume, suggests that “something massive can be truly nearing.” 
He also stated that the symmetrical triangle with a descending volume on the crypto token’s chart could be considered a “coil pattern,” which could hint at a continuation of the previous uptrend. The crypto analyst noted that the prior uptrend led to XRP’s price move of 110,000%, which means that a continuation “can be extreme.” 
Meanwhile, Marks also pictured the RSI (Momentum Oscillator) and a trend line that displays already-set Lower Lows. The analyst claimed that the <a href="https://bitcoinist.com/bitcoin-ethereum-seeing-bullish-divergence-metric/">hidden bullish divergence</a> was confirmed while the RSI set Lower Lows and prices formed higher lows.&nbsp; 
He said this implies that a reversal to the $1.44 level may be on the cards. Marks believes that such a <a href="https://bitcoinist.com/analyst-predicts-greater-bitcoin-bull-reversal/">bullish reversal</a> could help spark a continuation of the previous uptrend as XRP could eventually break out of the Symmetrical triangle and pennant.&nbsp; 
<h2 id="price-to-repeat-historic-2017-rally">Price To Repeat Historic 2017 Rally</h2> 
<a href="https://bitcoinist.com/bitcoin-gets-156000-price-tag/#:~:text=More%20recently%2C%20crypto%20analyst%20Mikybull,peak%20in%20this%20bull%20run.">Crypto analyst Mikybull Crypto</a> stated that XRP might replicate its massive 2017 rally, given the current price action path that the crypto token is following. 2017 was a historic year as the crypto token made a <a href="https://www.newsbtc.com/news/ripple/xrp-price-61000-surge-analyst/" rel="nofollow noopener" target="_blank">61,000% price move</a> in 280 days. The crypto analyst predicts that the altcoin could rise above $4 if a similar price movement occurs.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium wp-image-308762" src="https://bitcoinist.com/wp-content/uploads/2024/07/XRP-2.png?w=512&amp;resize=512%2C291" alt="Price 2" width="512" height="291" data-recalc-dims="1"> 
<img loading="lazy" decoding="async" class="size-medium wp-image-308763" src="https://bitcoinist.com/wp-content/uploads/2024/07/XRP-3.png?w=512&amp;resize=512%2C316" alt="XRP 3" width="512" height="316" data-recalc-dims="1"> 
Mikybull Crypto stated that he believes such a scenario can occur because the <a href="https://bitcoinist.com/despite-strengthening-xrp-chart-on-chain-metrics-bearish-analyst/">sentiment around XRP</a> is bleak. Crypto analyst Doctor Magic also agreed with Mikybull Crypto and <a href="https://x.com/Doctor_Magic_/status/1808443259619860710" rel="nofollow" target="_blank">stated</a> that XRP gives the 2017 vibes. He added that <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-attempts-bullish/" rel="nofollow noopener" target="_blank">monthly volatility</a> is at all-time lows for XRP and remarked that the altcoin’s breakout will be “violent” when it happens.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/mofh7JtV/" alt="XRP price chart from Tradingview.com" width="3286" height="1576">

Expert Analyst Is Undeterred By XRP’s Failure To Perform, Predicts Major Breakout

Table of Contents

Bitcoinist

Andre artikler udgivet 5. jul. 2024

July 2024’s Best-Rated Crypto Projects

dogwifhat vs Popcat: Perspectives of Two Bullish Assets Amid Crypto Crash

Earn USDC and Climb the Charts! MoonBag Referral Crushes Floki Inu and ChainGPT Out

Fuk MT Gox to Skyrocket 17,000% as KuCoin Listing Announced, While Shiba Inu and Dogecoin Struggle

Bitcoin’s price dump to $45K would simply be a ‘normal market pullback’

New Airdrops July 2024

Join our free newsletter for daily crypto updates!