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<p>In his latest analysis, crypto expert Javon Marks has identified a potentially game-changing pattern in <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s XRP price</a> chart. He draws parallels to the token’s historic performance in 2018.</p>
<p>This technical setup, combined with other bullish indicators, suggests that XRP could do a massive surge soon.</p>
<h2 class="wp-block-heading" id="technical-analysis-reveals-bullish-coil-pattern">Technical Analysis Reveals Bullish Coil Pattern</h2>
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   <p lang="en" dir="ltr">The "Ripple" Effect <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a7.png" alt="💧" class="wp-smiley" style="height: 1em; max-height: 1em;">:<br><br>Yes, you've probably seen a similar pattern setup many times on <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a>, but with the way prices are coiling/shaping up combined with where the've come from (historical data) and high volume plus an already confirmed Hidden Bullish Divergence, something… <a href="https://t.co/9V4XDOXtfQ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9V4XDOXtfQ</a></p>— 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/1808145636253999353?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>Marks highlights a combination of technical factors that point towards a significant upward movement for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a>:</p>
<p>The XRP price chart currently displays a widely recognized Symmetrical Triangle or Pennant Pattern. This formation, coupled with descending volume, is indicative of a coil pattern. In technical analysis, such patterns often precede a continuation of the previous trend.</p>
<p>The analyst emphasizes that the previous uptrend saw XRP climb over 110,000%. A continuation of this trend could lead to extreme price movements.</p>
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<h2 class="wp-block-heading" id="hidden-bullish-divergence-confirmed">Hidden Bullish Divergence Confirmed</h2>
<p>One of the key elements in Marks’ analysis is the confirmation of a Hidden Bullish Divergence:</p>
<ul>
 <li>The Relative Strength Index (RSI) has been setting lower lows</li>
 <li>Simultaneously, the price has been forming higher lows</li>
</ul>
<p>This divergence between price action and momentum is a strong bullish signal. This implies a potential return to the $1.44 level. Such a move could act as a catalyst, pushing XRP out of the current coil/Symmetrical Triangle pattern.</p>
<p>Marks presents another scenario based on historical data and logarithmic analysis:</p>
<ul>
 <li>A full logarithmic follow-through could push XRP beyond $200</li>
 <li>This represents a potential 400x return from current levels, or a &gt;39,000% climb</li>
 <li>The analyst notes that XRP has achieved similar percentage gains in the past</li>
</ul>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/polkadot-dot-primed-for-breakout-60-staking-rate-squeezes-supply-as-analysts-eye-20-target/" target="_blank" rel="noopener noreferrer nofollow">Polkadot (DOT) Primed for Breakout? 60% Staking Rate Squeezes Supply as Analysts Eye $20+ Target</a></em></strong></p>
<h2 class="wp-block-heading" id="conservative-price-targets">Conservative Price Targets</h2>
<p>While the logarithmic scenario presents an extremely bullish case, Marks also offers more conservative projections:</p>
<ul>
 <li>Without a full logarithmic follow-through, levels between $15-$20 are considered achievable</li>
 <li>These targets are based on a breakout from the current pattern</li>
</ul>
<p>The analysis takes into account several volume and momentum factors:</p>
<ul>
 <li>Descending volume within the Symmetrical Triangle supports the coil pattern theory</li>
 <li>High volume accompanying recent price movements adds credibility to the potential breakout</li>
 <li>The RSI’s behavior, forming lower lows against price higher lows, strengthens the bullish case</li>
</ul>
<p>Javon Marks’ analysis paints a picture of XRP at a critical juncture, with technical indicators aligning to suggest the potential for explosive growth. While the most bullish scenario of a 400x return may seem extreme, there is scope for XRP to surge.</p>
<p><strong>Read more: <a href="https://captainaltcoin.com/analyst-predicts-where-ripples-xrp-price-is-headed-next-hint-ath-incoming/" target="_blank" rel="noopener noreferrer nofollow"><em>Analyst Predicts Where Ripple’s XRP Price is Headed Next: Hint – ATH Incoming</em></a></strong></p>
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<p>The post <a href="https://captainaltcoin.com/the-ripple-effect-if-this-historical-pattern-plays-out-like-in-2018-xrp-price-will-explode/" rel="noopener noreferrer nofollow">The Ripple Effect: If This Historical Pattern Plays Out Like in 2018, XRP Price Will Explode</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

The Ripple Effect: If This Historical Pattern Plays Out Like in 2018, XRP Price Will Explode

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