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<p>Crypto analyst JAVON MARKS has <a href="https://x.com/JavonTM1/status/1806382912339599538?t=TVJcblBNlAiSbXoKExiPlA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> a potentially major development in the XRP/BTC trading pair. According to his analysis, XRP has broken out of a notable resistance trend on a logarithmic scale. This pattern has been in place for nearly a year.</p>
<p>This breakout could signal the beginning of a major bullish reversal 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> relative to Bitcoin.</p>
<h2 class="wp-block-heading" id="potential-for-substantial-outperformance">Potential for Substantial Outperformance</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="623" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-1024x623.png" alt="" class="wp-image-516682" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-1024x623.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-767x467.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-1536x935.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-2048x1247.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-246x150.png 246w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-575x350.png 575w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061-788x479.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1061.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>MARKS suggests that if this breakout is followed through, XRP could outperform Bitcoin by more than 243%. To put this into perspective, the analyst recalls XRP’s performance in mid-2023, when it moved over 100% from around $0.46 to $0.93.</p>
<p>During that period, the XRP/BTC pair only moved approximately 63%. Given the current breakout, MARKS speculates that XRP’s price could see much more than a 3.3X increase.</p>
<h2 class="wp-block-heading" id="historical-context-and-future-projections">Historical Context and Future Projections</h2>
<p>The comparison to mid-2023’s performance provides valuable context for understanding the potential magnitude of the current setup. If XRP were to outperform Bitcoin by 243% as suggested, it could translate to a larger price increase in USD terms than what was seen in the previous rally.</p>
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<p><a href="https://x.com/CryptoFaibik/status/1806166667224912144" target="_blank" rel="noopener noreferrer nofollow">Captain Faibik</a> has also shared a bullish perspective on XRP. Faibik mentioned in his tweet that XRP has now bottomed out and is ready for a breakout. He also shared a mid-term target of $2 for XRP.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/how-many-kaspa-kas-do-you-need-to-become-a-millionaire/" target="_blank" rel="noopener noreferrer nofollow">How Many Kaspa (KAS) Do You Need to Become a Millionaire?</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/ripple-finally-breaks-out-of-year-long-resistance-analyst-predicts-240-price-surge-for-xrp/" rel="noopener noreferrer nofollow">Ripple Finally Breaks Out of Year-Long Resistance: Analyst Predicts +240% Price Surge for XRP</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Finally Breaks Out of Year-Long Resistance: Analyst Predicts +240% Price Surge for XRP

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Alte articole publicate pe 28 iun. 2024

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