Analyst Predicts XRP Price Will Rise To $14, Outpacing Bitcoin
Crypto analyst Javon Marks predicts a potential rally for XRP, forecasting it could reach $14, outperforming Bitcoin. He references historical trends where XRP surpassed BTC performance, suggesting a possible 600% increase.
- The previous occurrence saw XRP exceed Bitcoin by over 240%, resulting in a 570% price rise.
- Marks expects this rally to occur between now and mid-2027, although he hasn't specified a trigger.
XRP's year-to-date loss is just over 7%, whereas Bitcoin's is under 2%. Despite this, XRP gains momentum due to new spot ETFs, which reached $1 billion in assets under management, a record speed since Ethereum.
Ripple CEO Brad Garlinghouse highlighted the demand for XRP products as a factor that could drive prices higher. Additionally, the upcoming v3.0.0 upgrade of the XRP Ledger might enhance adoption and utility.
XRP at a Decision Point
Analyst CasiTrades mentions XRP remains at a crucial junction. For a bullish scenario, XRP must break above the $2.41 resistance towards $2.65. Conversely, falling below $2.04 support could lead to a bearish trend toward $1.73 or $1.64.
- CasiTrades advises traders to enter positions around $2.04 for strategic advantage.
Currently, XRP trades at approximately $2.01, down over 3% in the last 24 hours, according to CoinMarketCap.