2024

Time

<a href="https://bitcoinist.com/xrp-lawsuit-sec-remedies-briefing-deadlines/">The current XRP price</a> action is showing signs of positive momentum amidst <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-consolidates-58k/" rel="nofollow noopener" target="_blank">Bitcoin’s push to $60,000</a>. According to a crypto analyst, XRP is gearing up for a massive 34,000% surge that would put its price at $200.&nbsp; 
From this analyst’s technical perspective, recent price action has seen XRP breaking out of an upper trendline, making it ready for massive gains. 
<h2 id="analyst-predicts-xrp-price-surge-of-34-000">Analyst Predicts XRP Price Surge Of 34,000%</h2> 
XRP has had some major price swings in the past and according to crypto analyst Javon, something similar<a href="https://www.newsbtc.com/news/pro-ripple-lawyer-tags-poor-xrp-price-performance-as-unnatural-rally-imminent/" rel="nofollow noopener" target="_blank"> is about to occur</a>. In an XRP price chart shared on social media by the analyst, the current price movement indicates that XRP surging to $200 is very possible. Although the analyst didn’t give a timeframe of when this would happen, XRP’s journey to the $200 level would mean a surge of over 34,000% from the current price level. 
<blockquote class="twitter-tweet"> 
 A $200+ <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$XRP</a> (Ripple) can be possible. 
 Another set of Higher Lows are holding and another breakout has taken place, meaning that a massive upside move to new All Time Highs can be commencing soon… <a href="https://t.co/zIpADFClOD" rel="nofollow" target="_blank">pic.twitter.com/zIpADFClOD</a> 
 — JAVON<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1761757025912987912?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">February 25, 2024</a>
</blockquote> 
Javon’s prediction is based on XRP’s past actions. According to the price chart, XRP’s recent price action mirrors that of the 2018 phase which saw the cryptocurrency reaching its current all-time high of $3.84. Prior to this surge, XRP formed three lower highs on a multi-year level between 2014 and 2017 before finally going on a sustained breakout in 2018. 
Now, Javon pointed out that another set of higher lows starting from 2018 are holding and a breakout has now been confirmed. If history were to repeat itself, a surge of the same magnitude to new all-time highs could be commencing soon. 
<h2 id="can-xrp-realistically-surge-to-200-very-soon">Can XRP Realistically Surge To $200 Very Soon?</h2> 
Javon’s analysis and prediction is <a href="https://www.newsbtc.com/xrp-news/xrp-forms-buy-analyst-predicts-surge-target/" rel="nofollow noopener" target="_blank">one of many bullish predictions</a> surrounding the XRP price from other crypto analysts. As expected, the ultra-bullish price target seems unreasonable for some investors, as a $200 price level would mean XRP’s market cap surging from $31.9 billion to $200 trillion.&nbsp; 
For comparison, the total crypto market cap currently stands at $2.18 trillion, with Bitcoin responsible for a 52.4% stake. Before <a href="https://bitcoinist.com/blackrock-file-for-an-xrp-etf-2/">XRP can reach $200</a>, the entire crypto market cap would have to grow to rival that of the foreign exchange market. Another possible catalyst to reach this price level would be <a href="https://bitcoinist.com/ripple-burn-40-billion-xrp/">token burns</a> to reduce the total supply of XRP. 
While a rally of that magnitude seems unlikely, XRP has a history of explosive price gains during crypto bull markets. Notably, Javon’s prediction resonates with <a href="https://www.newsbtc.com/analysis/xrp/crypto-analysts-bullish-xrp-price/" rel="nofollow noopener" target="_blank">other bullish predictions</a> from market players.&nbsp; 
<a href="https://x.com/digitalassetbuy/status/1762466895536472405?s=20" rel="nofollow" target="_blank">According to Oliver Michel</a>, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, XRP’s price could surge to three or four digits very soon. Similarly, <a href="https://bitcoinist.com/when-xrp-price-will-reach-500/">analysts at crypto exchange Changelly</a> have predicted XRP trading at an average value of $563.32 by 2050.&nbsp; 
At the time of writing, XRP is trading at $0.5844, up by 4.81% in the past 24 hours. The first step towards a sustained bull run would be XRP establishing a strong footing above $1. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/xaqk7TpX/" alt="XRP price chart from Tradingview.com" width="3286" height="1530">

Crypto Analyst Predicts XRP Price Will Surge 34,000% To $200, Here’s Why

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Bitcoinist

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