The post Crypto Analyst Predicts 42,263% Breakout For XRP Price To $280, Here’s The Roadmap appeared on BitcoinEthereumNews.com.

A crypto analyst is predicting a massive price breakout for the XRP price, the native token of the XRP Ledger (XRPL). Despite XRP’s sluggish price performance, the analyst believes that this cryptocurrency could soar as high as 42,263%, potentially hitting an ambitious price target of $280 this bullish cycle.  Roadmap To XRP’s $280 Price Increase In an X (formerly Twitter) post on August 22, crypto analyst, Javon Marks expressed his optimistic projections for XRP, highlighting critical points where the cryptocurrency is most likely to experience a significant upward momentum. Sharing a historical price chart illustrating XRP’s price movements from 2014 to 2024, Marks outlined a unique triangle pattern which formed just before a bullish breakout in the cryptocurrency. Related Reading Based on the chart’s data, the XRP price formed a triangle pattern between 2014 and 2017, which led to its dramatic surge to an all-time high of $3.84 in 2018. Marks has identified that this triangle pattern has reemerged in XRP’s chart from 2018 to 2024.  As a result, the analyst forecasts that XRP is on track to witness a 42,263% surge, potentially propelling its price to an ambitious target of $262.23. Given XRP’s current price of $0.59, this projected 42,263% increase would bring the cryptocurrency’s price to around $253.15.  In his post, Marks notes that XRP was right at or near the point of a bullish breakout. He predicted that if XRP’s price increases by about 3% to 4% from its current price level, it could trigger the anticipated breakout. While the analyst remains optimistic about XRP’s future outlook, he also pointed out that the cryptocurrency has been stuck in a triangle pattern for roughly 6 years (2,424 days).  However, Marks has revealed that if XRP can successfully break out of this long term pattern, it could attract a…

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Filed under: News - @ August 24, 2024 1:24 am