- XRP’s breakout from a multi-year triangle suggests strong bullish momentum, mirroring past explosive price cycles.
- Fibonacci targets indicate $7.77 as an initial resistance, with historical fractals pointing toward a potential $99 long-term target.
- XRP’s price action confirms market cycles, where accumulation phases lead to sharp rallies as resistance levels turn into support.
Javon Marks has analyzed XRP’s price action, highlighting patterns that suggest a strong bullish movement. According to historical price behavior, XRP’s past all-time high acted as resistance. The breakout followed a similar pattern seen in previous cycles. Based on these movements, Marks predicts XRP could reach approximately $99, representing a substantial 44X increase.
Source: Javon Marks
XRP’s Breakout Confirms Market Cycles
XRP’s price has historically followed a fractal pattern. In late 2017, the asset surged to $3.77 after breaking out of a symmetrical triangle . Following that, an extended accumulation phase occurred. Similarly, in early 2024, another symmetrical triangle breakout confirmed a major bullish trend.
The breakout led to rapid price appreciation, supported by strong buying pressure. This mirrored XRP’s historical patterns, where previous resistance levels became support after a breakout. Fibonacci extension levels suggest an intermediate target of $7.77 before reaching long-term highs.
Technical Indicators Support Further Growth
Measured move projections align with past performance. Historical patterns suggest that XRP’s bullish cycle is only beginning. Additionally, market behavior has shown that strong resistance levels become support post-breakout, reinforcing long-term growth potential .
Moreover, XRP has consistently tested and respected critical trendlines. These tests confirm strong accumulation phases before explosive moves. The recent breakout indicates that this cycle is repeating. Consequently, traders anticipate an extended rally as the price moves toward key targets.
Besides, volume analysis, though not displayed, suggests strong buyer confidence. XRP’s sharp upward movement highlights investor interest. Price movements align with previous cycles where consolidation led to a substantial rally.
XRP’s market structure and historical patterns indicate a bullish future. The breakout from a multi-year symmetrical triangle signals a potential long-term rally. Fibonacci targets suggest price expansion, with $7.77 as an initial resistance level. If XRP follows past fractals, a 44X surge remains possible, targeting $99 in the coming months.
