Crypto Analyst Says XRP Is Still On Course To Rise To $150
July 23 2024 - 10:00PM
NEWSBTC
Crypto analyst Javon Marks has reaffirmed his ultra-bullish
prediction for XRP in his latest analysis. The analyst explained
why the crypto token will still rise to as high as $150 in this
bull run. Why XRP Is Still On Course To Reach $150 Marks mentioned
in an X (formerly Twitter) post that XRP looks right on the brink
of a “massive bullish breakout,” having recently tested one. He
claimed that XRP could successfully achieve this bullish breakout
with such continued market strength. He added that this successful
breakout and a Full Logarithmic Follow-Through would allow the
crypto token to enjoy a price rally of over 41,400% and reach and
even climb above $150. Related Reading: Don’t Get Shaken Out,
Analyst Says Bitcoin And Altcoins Rally Is Just Starting Marks has
continued to predict that XRP can reach such heights for a while
based on his Full Logarithmic Follow-Through analysis. Before now,
he mentioned that XRP could rise to as high as $200 and noted that
such a parabolic rally was indeed possible for the crypto token
since it has done it before during the 2017 bull run. Marks
has also received support from other analysts like CryptoBull, who
have predicted that XRP will rise to triple digits. CryptoBull once
predicted that the crypto token could rise to $154 based on an
ascending broadening wedge, which he expects XRP to break out from
soon enough. Crypto analyst JackTheRippler also predicted that XRP
will rise to triple digits when the US Securities and Exchange
Commission’s (SEC) lawsuit against Ripple ends. In a more
recent analysis, JackTheRippler asserted that a new all-time high
(ATH) was on the horizon. He stated that XRP’s multi-year bullish
pattern is ending and suggested that it won’t be long before the
crypto token enjoys that rally that will see it surpass its current
ATH. The crypto analyst is also bullish on XRP because he believes
the case between the SEC and Ripple is about to end. About To
Break Out Of Six-Year Consolidation Triangle Crypto analyst
Mikybull Crypto also recently offered a bullish narrative for XRP,
stating that the crypto token is about to break out of the six-year
consolidation triangle. The analyst claimed the breakout will be
“massive,” followed by a “long sustained enormous rally.” He hinted
at his plans to invest in XRP, remarking that he won’t be sidelined
for the upcoming move. Mikybull Crypto previously mentioned
that XRP might replicate its 2017 rally, considering its current
price action path. He stated that the crypto token could rise above
$4 if it follows a similar path to 2017. Related Reading:
Polygon Network Active Addresses Just Hit A New Yearly High, But
Why Is MATIC Price Down? Meanwhile, crypto analyst Alex Clay also
echoed a sentiment similar to Mikybull Crypto, stating that XRP is
breaking out of a symmetrical triangle that it has been
consolidating inside for about 2,275 days. The analyst expects XRP
to rise to between $1.2 and $1.5 in the mid-term, while he predicts
that the crypto token could rise to $3 in the long term.
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