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Highlights
- XRP is eyeing another 570% surge as crypto analyst Javon Marks revealed that its price and RSI have broken to the upside.
- A 570% surge would send the altcoin's price to around $16.
- Crypto analyst CasiTrades indicated that XRP is on the last lap before a breakout to new highs.
Crypto analyst Javon Marks has provided a bullish outlook for XRP, suggesting that the altcoin could witness another 570% surge as its price and RSI break to the upside. Meanwhile, crypto analyst Dark Defender predicted that the altcoin could rally to as high as $8 soon.
XRP Could Surge 570% Again As Price & RSI Break To The Upside
In an X post, Javon Marks revealed that XRP’s price and Relative Strength Index (RSI) have broken out to the upside. He revealed that the last breakout resulted in a price increase of about 570% and remarked that the altcoin can be ready for another substantial surge.
Based on history, the altcoin could record another 570% surge again, which would send its price to around $16 from its current level. In another X post, Marks indicated that the crypto was ready to witness a massive rally to the upside.
He stated that XRP’s next bullish wave looks to be nearing, and based on past performance, it can result in a push to the 1.618 Fib level at approximately $16.50. He added that a full similar performance to the last bull cycle could result in a rally to $100 or even higher.
Javon Marks’ prediction of $16 for the altcoin aligns with Egrag Crypto’s conservative target of $15 for XRP. Egrag Crypto also offered a more ambitious target, predicting that the altcoin could rally to as high as $44 in this cycle.
Crypto analyst Dark Defender also recently predicted that the altcoin could rally to as high as $23.20. He noted that the 3-month monthly close is approaching, and XRP boasts a clear bullish momentum on the higher timeframes. He added that there are ups and downs in smaller time frames, but the higher frames supersede smaller ones.
The crypto analyst also remarked that the 3rd wave is targeting between $5.85 and $8.076. Meanwhile, he claimed that the 5th wave is expected to finish the move between $18.22 and $23.20.
Final Countdown To A Breakout Is Here
Crypto analyst CasiTrades stated that this is the final countdown to a breakout. She noted that XRP has been consolidating in a tightening structure ever since its breakout to $3.40 and that this pattern is quickly running out of time.
The crypto analyst asserted that what is even more exciting is that this price structure aligns perfectly with Fibonacci time analysis. She revealed that XRP is closing in on Time Zone 2 and the .618 Fibonacci time extension, both landing around March 30.
CasiTrades stated that it could take a week for this phase to resolve. Based on the current wave count and Fib confluence, she expects this to form a massive breakout near that time Fib towards the key price resistances at $2.70, $3.08, $3.80, and beyond.
The analyst also highlighted April 8, 25, and June 20 as key dates to watch. According to her, April 8 lines up with a major time pivot, which could lead to an attempt at $3.80, the current all-time high (ATH).
April 25 is the 1.0 Fib time extension and Time Zone 3, a strong indicator for a macro wave 3 top in this wave cycle. Meanwhile, June 20 is the Time Zone 5, which she claimed is likely the ultimate top in this market cycle for Wave 5 resistance.
CasiTrades stated that XRP is sitting right at the apex of this month-long consolidation. She added that the market is out of time, and it needs to make a decision.
With all the technicals aligning, the analyst believes the decision would be explosive. From a fundamentals standpoint, the altcoin’s outlook is also bullish, especially with Ripple dropping the cross-appeal against the US SEC and agreeing with the Commission to proceed with its XRP institutional sales, boosting the altcoin’s adoption.
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