Crypto analyst Javon Marks is staying defiantly bullish on XRP, even after the token slipped below $1.30. Marks told followers on X that a decade-plus technical setup still points to a multicycle breakout—he’s sticking with a measured-move target near $15 and says recent weakness is likely a “temporary setback” inside a much larger bullish structure.
What Marks sees
- His long-term chart (spanning roughly 2014 through a projected 2026) highlights a repeating pattern across market cycles: XRP forms a descending triangle or wedge, falls below a key support in what he calls a “false breakdown,” then launches a powerful parabolic rally to new highs.
- He points to similar behavior in 2017 and again into 2021. The breakout that unfolded in late 2024—when XRP climbed from roughly $0.55 to over $2.20—is, in his view, analogous to the 2017 move that preceded the 2018 bull climax ($3.84).
- From that perspective, Marks suggests this cycle could produce another roughly tenfold move (≈900%+). His published chart also projects a peak zone between $15 and $18; an attached vertical-measure bar on the chart shows an even larger percentage gain (the chart notes a ~2,872.31% surge).
Other bullish signals and on-chain action
- Analyst Steph Is Crypto has identified a multi-year Cup-and-Handle pattern on XRP’s chart. Steph projects an initial target around $4 (a key resistance zone) and argues that a decisive breakout there could accelerate a move toward much higher targets—above $30 in her scenario.
- On-chain/derivatives activity shows growing conviction from large traders. Xaif Crypto reported that a whale opened a $3.34 million long on XRP, using $193,000 of equity with ~104% margin—an aggressive, high-leverage bet that would face liquidation if XRP revisits roughly $1.37, Xaif warns.
Where XRP stands now
- XRP has pulled back below $1.30 and was trading around $1.28 at the time of the report. Analysts point to these dips as possible “shakeouts” within a larger bullish narrative, but they also underline the high risk: leveraged whale positions can amplify volatility and downside pressure.
Bottom line
Marks and several other analysts remain optimistic about XRP’s longer-term upside based on repeating technical structures and recent breakout behavior. That optimism is paired with clear risks—leveraged positions, sharp drawdowns, and the usual crypto volatility—so traders should weigh both the bullish scenarios and the possibility of deeper pullbacks.
Sources: Javon Marks (X), Steph Is Crypto, Xaif Crypto, TradingView chart data.
Read more AI-generated news on: undefined/news
