The current XRP price action is showing signs of positive momentum amidst Bitcoin’s push to $60,000. According to a crypto analyst, XRP is gearing up for a massive 34,000% surge that would put its price at $200.
From this analyst’s technical perspective, recent price action has seen XRP breaking out of an upper trendline, making it ready for massive gains.
Analyst Predicts XRP Price Surge Of 34,000%
XRP has had some major price swings in the past and according to crypto analyst Javon, something similar is about to occur. In an XRP price chart shared on social media by the analyst, the current price movement indicates that XRP surging to $200 is very possible. Although the analyst didn’t give a timeframe of when this would happen, XRP’s journey to the $200 level would mean a surge of over 34,000% from the current price level.
A $200+ $XRP (Ripple) can be possible.
Another set of Higher Lows are holding and another breakout has taken place, meaning that a massive upside move to new All Time Highs can be commencing soon… pic.twitter.com/zIpADFClOD
— JAVON⚡️MARKS (@JavonTM1) February 25, 2024
Javon’s prediction is based on XRP’s past actions. According to the price chart, XRP’s recent price action mirrors that of the 2018 phase which saw the cryptocurrency reaching its current all-time high of $3.84. Prior to this surge, XRP formed three lower highs on a multi-year level between 2014 and 2017 before finally going on a sustained breakout in 2018.
Now, Javon pointe
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Author: Scott Matherson
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