XRP Price Surges Over 37% in One Month, but “May Just Be the Beginning”

In the past 30 days, XRP’s price has skyrocketed by over 37%, outperforming the broader cryptocurrency market. During the same period, flagship cryptocurrency Bitcoin ($BTC) only saw a 5.9% increase.

According to Javon Marks, a renowned cryptocurrency analyst on the microblogging platform X (formerly Twitter), XRP’s price has now broken through a “massive” 2,351-day resistance trend. This implies that the potential price target above the $150 psychological level is now in effect.

Marks’ optimistic prediction suggests that the token’s price could surge over 21,000% from its current level of around $0.658 and exhibit “complete logarithmic follow-through.” However, a K-line chart he shared indicates that the token’s price could further rise to $264.5, leading him to believe that this surge “may just be the beginning.”

$XRP has now surpassed this significant 2,351-day resistance trend. It means it is currently on track to achieve the >$150 price target and potentially realize a climb of over 21,000% through complete logarithmic follow-through.

Disclaimer: This price analysis article serves as reference only and should not be construed as financial or investment advice. Before making any financial decisions, please conduct your own research and consult professionals.

Sentiment: Positive