CRYPTO

<ul> 
 <li>Javon Marks predicts XRP could surge by 41,400%, reaching over $150, based on historical price trends and chart patterns.</li> 
 <li>Analyst EGRAG highlights the $0.70 to $0.75 resistance level as crucial for XRP’s next price rally.</li> 
</ul> 
Prominent market analyst Javon Marks has made a <a href="https://x.com/JavonTM1/status/1815060145363456136" target="_blank" rel="nofollow noopener">bold prediction</a> regarding the future of XRP. According to Marks, XRP could increase in value by a staggering 41,400% and go beyond the $150 mark. He made this prediction on X while pointing to<a href="https://www.crypto-news-flash.com/is-ripple-dumping-xrp-expert-reveals-the-shocking-truth-about-pric/" target="_blank" rel="nofollow noopener"> XRP’s historical price trends.&nbsp;</a> 
<img loading="lazy" decoding="async" class=" wp-image-765519 aligncenter" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-23T155739.527-300x183.jpg" alt="" width="613" height="374" srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-23T155739.527-300x183.jpg 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-23T155739.527-768x468.jpg 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-23T155739.527-150x91.jpg 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-23T155739.527-450x274.jpg 450w, https://www.crypto-news-flash.com/wp-content/uploads/2024/07/unnamed-2024-07-23T155739.527.jpg 1200w" sizes="(max-width: 613px) 100vw, 613px"> 
XRP has passed through significant volatility since its launch. It soared to an all-time high of $3.3 in the 2017-2018 bull run. After reaching this peak, XRP was within a consolidation phase where it was marked by lower highs and lows but stable lows. 
 This period of consolidation <a href="https://www.crypto-news-flash.com/ripple-news-1-4-billion-stock-buyback-planned-before-ipo-garlinghouse-signals-xrp-confidence/" target="_blank" rel="nofollow noopener">has created a descending triangle pattern</a> on the logarithmic chart. According to Marks, XRP is now set to break out of this formation. 
<h3 id="strong-descending-triangle-formation-signals-potential-breakout-strong">Descending Triangle Formation Signals Potential Breakout</h3> 
Marks pointed to two significant patterns in the chart: It has been trading within a descending triangle pattern that has defined XRP’s price for years, and a smaller symmetrical triangle inside it. The smaller symmetrical triangle shows that the price is confined within a narrow range, and a breakout is expected.&nbsp; 
Recently, XRP approached the upper side of the descending triangle. This test shows that XRP is about to make a bullish breakout. If this breakout occurs, then it could lead to a large increase in price. Marks estimates that there is a potential for growth of over 41,400%, which could see XRP being traded at $150 or even more.&nbsp; 
For XRP to reach such a high, the market must remain strong. The validity of Marks’s prediction is based on the assumption that there will be a complete logarithmic follow-through. This implies that when one analyses price action on a logarithmic basis, there seems to be an exponential increase trend.&nbsp; 
<h3 id="strong-analyst-interprets-recent-price-dip-as-strategic-bear-trap-strong">Analyst Interprets Recent Price Dip as Strategic Bear Trap</h3> 
Additionally, Crypto analyst EGRAG has pointed out a crucial resistance level for XRP, meaning a big price rise could be expected if this level is broken. The study also identifies what it calls the ‘Genuine Wake-Up Line’ at $0. 70 to $0. 75 as a price level that, if breached, is expected to precipitate a steep rise in XRP’s value.&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> GENUINE Wake-Up Line (UPDATE): 
 Yes, the "Atlas Line" was breached, but it was just a "Bear Trap"! Now, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> is within the $0.55-$0.58 range. A weekly closure in this range will pave the way to test $0.70-$0.75 – the GENUINE Wake-Up Line! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Short-Term Targets: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;">… <a href="https://t.co/yI8A9VI4dD">https://t.co/yI8A9VI4dD</a> <a href="https://t.co/86NO2CgcSu">pic.twitter.com/86NO2CgcSu</a> 
 — EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1813870942390538396?ref_src=twsrc%5Etfw">July 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
EGRAG’s analysis emphasizes the significance of the $0. 70 to $0. 75 resistance range. He said that overcoming this barrier can help to start a large price growth. This is evident from the historical data, which shows that the “Atlas Line” has prevented XRP from falling further down. Nevertheless, a recent market correction put XRP below this support level.&nbsp; 
The analyst sees this as a bear trap, a manipulation that aims to make investors sell their assets during a fake decline. According to EGRAG, the weekly closing price should be within the current $0.55 to $0.58 range, which would position XRP for a retest of the Genuine Wake-Up Line. 
This retest is crucial, as XRP previously encountered this resistance zone in March, resulting in a price rejection. A successful breakout this time could lead to a <a href="https://www.crypto-news-flash.com/xrp-surpasses-bitcoin-in-south-korea-a-surprising-turn/" target="_blank" rel="nofollow noopener">significant price increase.</a> 
According to EGRAG, in the short term, XRP shall target $1. 3 – $1. 5, then experience a slight pullback before embarking on the next rally. He is optimistic and advises the XRP community to be ready for possibly huge gains. His long-term projections utilize Fibonacci extension analysis, suggesting potential targets of $6.4 and a more ambitious $7.5. Achieving these targets depends heavily on overcoming the $0.70 to $0.75 resistance zone.

Analyst Predicts XRP Could Surge 41,400% to $150, Reveals Chart Patterns

Table of Contents

Crypto News Flash

Other articles published on Jul 23, 2024

Investors Flock Towards MoonBag Presale As Scrat Lags Behind

Top Crypto Gainers This Week: MEW, Helium (HNT), and dogwifhat (WIF)

Ethereum ETFs Witness Stellar Start As Trading Soars; Analyst Sees ETH’s Price Reaching $8,000 In Q4

Prediksi Harga BlockDAG, hingga Dinamika Pasar Celestia dan Algorand

New Memecoin Pepe Eats Solana (PEPEATS) Will Surge Over 19,000% Before Exchange Listings, As Shib...

Blockchain Foundation for Innovation & Collaboration (BFIC) Price Prediction 2025, 2026, 2027, 20...

Join our free newsletter for daily crypto updates!