Analyst Says XRP’s $15 Target Has Still Not Changed – Here’s Why

Analyst Says XRP’s $15 Target Has Still Not Changed – Here’s Why
Source:NewsBTC
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Crypto analyst Javon Marks remains bullish on XRP even after its recent price crash below $1.3. The analyst argued that the cryptocurrency’s long-term technical picture points to a potential surge well into the. According to Marks, XRP’s bullish roadmap toward $15 remains unchanged, underscoring his strong confidence in the altcoin’s ability to push past.

XRP Double-Digit Price Target Remains Unchanged

Sharing his outlook on X, Marks followers that XRP’s measured move target about $15 remains firmly intact, dismissing as a temporary setback within a much larger bullish structure. His accompanying chart spans over a decade of XRP’s price history, stretching from roughly 2014 through a projected timeline extending well into 2026. 

Marks’ analysis highlights a recurring pattern that has played out across multiple market cycles. In each instance, or wedge formation and then experienced a downturn below a key support level, which the analyst labeled a “.” Following this, XRP launched into a powerful parabolic rally to new all-time highs. 

This sequence of wedge formation and a subsequent false breakdown occurred notably in 2017 and again heading into 2021, each time producing extraordinary gains in the price of XRP. According to Marks, the breakout that materialized in late 2024, when XRP rose from around $0.55 to over $2.2, mirrors the jump in 2017 that preceded. 

He argues that this development hints at another tenfold move in this cycle, representing a more than 900% increase in the XRP price. The chart also projects a peak target somewhere between $15 and $18, with a vertical measurement bar illustrating a potential surge of approximately 2,872.31%. 

Analysts Stay Bullish On XRP As Whales Go Long

Analysts’ confidence in the XRP price remains strong despite broader market volatility and recent price dips. Notably, market expert Steph is Crypto has a multi-year on its chart that could trigger a historic surge in XRP’s price. 

According to the analyst, the upward trendline above the pattern points to a projected rally to the $4 level. This price zone is highlighted as a key resistance area, and a decisive move above it could push XRP to its. 

Interestingly, Steph’s bullish outlook for XRP comes as whales continue to go long on the cryptocurrency. Recent reports from market expert Xaif Crypto that a whale opened a massive $3.34 million long position on XRP. He noted that the whale held $193,000 equity with a 104% margin, essentially going all in with no safety net. 

This move underscores the whale’s strong confidence in XRP’s bullish potential. However, Xaif Crypto has cautioned that if XRP drops to $1.37, then the whale could lose everything. It’s important to note that the below $1.3 and now sits near $1.28 at the time of writing. 

Featured image from Vecteezy, chart from TradingView