XRP Bullish Breakout Targets $15-$20; Analyst Predicts 2,000% Gains – The Crypto Basic

Analyst Javon Marks sees strong RSI momentum for XRP and predicts a bullish breakout with a price target of $15-$20 and a potential return of up to 2,000%.

XRP We are approaching a key convergence point identified by recent technical analysis and approaching a key analyst Javon Marks is highlighted This development was highlighted in a recent X (formerly Twitter) post pointing out an RSI pattern that suggests solid momentum in the XRP price. Marks believes this pattern signals the possibility of a bullish breakout in the near future.

XRP goes to $15
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Expected price target

Marks’ analysis draws attention to an RSI pattern that forms a series of lower highs and higher lows. This downtrend line on the RSI suggests that momentum is decreasing as the price is consolidating within a symmetrical triangle pattern on the chart.

Historically, this type of pattern often precedes larger price movements, either to the upside or downside. In this case, the RSI pattern supports a possible breakout to the upside. If a bullish breakout does occur, Marks’ post further predicts a conservative target price range for XRP of $15 to $20, subject to current market conditions.

“A conservative target for breakout and log follow-through here could be $15-20, and a 2,000%+ run could be 20-36x from here.”

This potential price increase represents a significant upside, potentially yielding gains of 20 to 36 times its current value, which is a staggering gain of over 2,000 percent. The long-term target implied by the chart is around $19.82, reflecting a potential upside of 2905.05% for him from current price levels.

Past price fluctuations

According to Marks’ chart, XRP experienced a dramatic rally in early 2018, with the XRP/USD price soaring to around $3.84, an impressive increase of around 2907.25% from the low price range.

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After this peak, prices entered a long-term downward trend and stabilized by mid-2020. During this period of consolidation, XRP formed a symmetrical triangle pattern, a common indicator of an impending breakout.

Speculative long-term forecasts

In addition to these predictions, Marks has made more bold predictions regarding XRP’s future price report According to Crypto Basic, he envisions an ambitious price target of $200 for XRP. Since his current value is $0.53, this prediction would imply an extraordinary price increase of 37,635% for him. This prediction is inspired by the historic XRP rally in 2017/2018, when the cryptocurrency experienced a 75,000% rally after its breakout.

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