Market Veteran Proposes Bold $288 XRP Value Target After Breaking Key Resistance

According to Javon Marks, XRP has the potential to boldly reach $288 after breaking through the biggest resistance level on the 18-day timeframe.
The analyst made this point while updating his outlook for XRP in light of current market conditions. Javon's ambitious forecast is based on past historical data.
His original analysis came two months ago, when XRP was facing bearish pressure. At the time, XRP fell from its highest point on February 16 at $0.5795 to $0.5438. During the market decline, Javon highlighted that the 18-day chart had confirmed another series of higher lows, suggesting a potential push higher could be in the cards.
According to him, the combination of factors, with XRP seeing another massive breakout in late February, contributed to his optimism. Since then, XRP has experienced a series of ups and downs without a major boost.
Updated analysis
However, the market veteran has now revisited his analysis and reaffirmed his confidence in the impending price surge while taking into account the forecast on a logarithmic scale. Javon’s chart shows that the analyst’s price prediction is based on insights from historical data.
To provide context, XRP faced a similar situation in late 2013 to early 2017. During this time, it experienced price suppression due to the ongoing downtrend. However, after breaking out of the downtrend in early 2017, XRP peaked at $3.31 in January 2018, achieving a staggering growth of 63,080%.
The market is currently seeing this again, with XRP seeing a similar downward trend between January 2018 and July 2023. Notably, XRP broke above the downtrend line on July 13, 2023, when it rallied to $0.93. However, in the correction since then, it has retested the trendline.
XRP has now broken out further into the downtrend following the retest, and Javon expects it to repeat its previous rally. He believes that XRP has now broken through the biggest resistance on the 18-day chart and could see a wave of gains.
XRP Prediction for Rise to $288
His chart data shows that he expects XRP to grow as high as 61,000%, which would take its price to the $288 area. He further stated that a growth of 330,00% is “very possible” and could take XRP to $197, noting that this is already underway.
However, these forecasts were quickly dismissed by investors due to their ambitious nature. It is worth noting that at a price of $288, XRP’s market capitalization would reach $15.8 trillion, comparable to gold, the largest coin by market capitalization. Nonetheless, some experts also believe that XRP’s rise to $1,000 is possible.
Meanwhile, XRP is still struggling to recover the $1 level and is currently trading at $0.5998, having gained 2% in the past 24 hours. Despite the drop of 7.99%, XRP still recorded a trading volume of $873 million in the past 24 hours.
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