Famous analyst Javon Marks believes that XRP can surpass Bitcoin by 243% and predicts that the XRP price will increase 3.3 times to $ 1.57.

Marks made this prediction amid current market uncertainty. While the recent decline has particularly affected altcoins, Bitcoin (BTC), the most important crypto asset with a 53.1% market dominance, continues to determine overall market trends. While other crypto assets are also following Bitcoin, XRP is also following this trend.

However, during the downtrend, XRP performed more resiliently than Bitcoin. While BTC decreased by 8.70% this month, Ethereum (ETH) decreased by 8.17%. Solana, on the other hand, suffered a loss of 11.83% this month, despite the price increase in the last 24 hours following VanEck's spot ETF application. In comparison, XRP experienced a 7% decline in June.

Recovery is expected in XRP

Investors have often expressed concern about XRP's inability to gain value while other assets are rising. XRP is performing worse compared to the overall market performance. However, Javon Marks believes that XRP will end this trend and rise.

Marks states that XRP broke above the falling trend line. This shows that the altcoin is regaining lost ground against BTC. Emphasizing that XRP is more resistant to turbulent market conditions, Marks states that the XRP/BTC parity has increased by 16% since June 7.

The market analyst expects XRP's breakout from the falling trend line to result in a 243% increase in its price against Bitcoin. According to the chart, this increase will push the XRP/BTC parity to 0.00001966. Marks predicts that this jump will increase the value of XRP by 3.3 times, from $0.4768 to $1.57. XRP last saw this price level in May 2021, in the midst of a correction from a peak of $1.96 in April of that year.

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