XRP's $280 Price Increase Roadmap
A crypto expert predicts a major price breakout for XRP, the XRP Ledger's native cryptocurrency. Despite XRP's slow price performance, the expert thinks it might reach 42,263% and $280 this bullish cycle.
In an August 22 X (previously Twitter) post, crypto expert Javon Marks predicted XRP's increasing velocity at key stages. Marks showed XRP's 2014â2024 price chart and a distinctive triangular pattern that emerged before a bullish breakout.
The graphic shows that XRP created a triangular pattern between 2014 and 2017, which contributed to its 2018 rise to $3.84, an all-time high. Marks saw this triangular pattern in XRP's chart from 2018 to 2024.
XRP is expected to rise 42,263%, perhaps reaching $262.23, according to the expert. This 42,263% rise would push XRP to $253.15, up from $0.59.
In his essay, Marks said XRP was nearing a bullish breakthrough. XRP's price might break out if it rises 3% to 4%, he suggested. The expert remained positive about XRP's future, but noted that the cryptocurrency has been in a triangle for 6 years (2,424 days).
XRP might draw a lot of purchasing attention if it breaks out of this long-term trend, Marks says, triggering a âbullish presenceâ not seen since 2016 to 2017.
XRP Price Analysis Update
For years, XRP has traded around $0.5 in a seemingly endless consolidation period. XRP surged beyond $0.6 after Ripple's nearly four-year legal fight with the SEC ended.
Despite a 6% price gain in the previous week, XRP has failed to break $0.6. According to CoinMarketCap, the cryptocurrency is trading at $0.598, up $0.23% in 24 hours.
The 4-Hour (4H) price chart of XRP showed a new technical pattern, according to crypto expert and XRP advocate âXRP Captainâ. The analyst calls this pattern a "bull flag," forecasting XRP may increase to $0.65 if it breaks out.
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