XRP Price analysis: Will Recent Gains Signal a New Bullish Phase or Face Resistance at $2.30?

According to recent observations by crypto analyst Javon Marks, XRP’s current three-day timeframe is exhibiting patterns similar to those that preceded its price rally in 2017. The chart analysis suggests that XRP could be entering a new bullish phase, potentially repeating the explosive gains seen in the past.

A side-by-side comparison of two XRP price movements provides a striking visual of the current and historical patterns.

The left chart shows a recent upward price movement after a consolidation phase, with a breakout point signaling potential further gains. The “2017 Run” chart demonstrates a similar pattern, XRP experienced a surge after consolidating within a triangular price structure.$XRP