Analyst Predicts XRP Price Surge Above $3 Could Happen Soon
A crypto analyst has predicted that the XRP price will rise above $3, emphasizing that this increase is a matter of timing rather than possibility. Despite slow growth testing investor patience, the analyst believes that XRP's fundamentals and market conditions are aligning for a significant upward movement.
Timeline For XRP Price Surge Above $3
Crypto analyst Javon Marks predicts a potential rally for XRP above the $3 mark. In a post on X (formerly Twitter), Marks noted recent price actions suggest a "massive bullish breakout." He indicated that favorable conditions could lead to a substantial price shift for XRP soon.
Marks shared a chart detailing XRP’s historical price movements, highlighting a triangle pattern formed from 2014 to its peak in 2017. After breaking out of this pattern in 2017, XRP surged to an all-time high of $3.84 in 2018.
According to Marks, XRP has established another triangle pattern since 2018, projected to peak in 2025. A breakout from this pattern could propel XRP's price to approximately $3.6 by 2025.
Price Remains Stagnant While Other Cryptocurrencies Rally
Despite optimistic projections, XRP has faced significant downward pressure recently. While cryptocurrencies like Bitcoin and Ethereum have gained value amidst improving market conditions, XRP has struggled to gain momentum.
CoinMarketCap data indicates XRP is currently trading around $0.5, experiencing notable declines. In contrast, Bitcoin reached $72,000, Ethereum $2,670, and Shiba Inu $0.0000188. XRP has declined by 0.37% in the last 24 hours and 18.61% over the past month.
XRP is recognized as one of the worst-performing assets in the crypto market, failing to surpass the $1 mark since February 2022. This bearish trend may be linked to negative market sentiment and ongoing legal disputes between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
