XRP to $9? Analysts Tip ‘XRP Is a Buy’ as Price Targets 200% Surge

Paul
2 hours ago
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XRP tokens with upward arrow symbolizing bullish price forecast and growth.

Highlights

  • An Analyst projects that XRP price could climb 226% and trade above $9.90.
  • According to Javon Marks and Ali Martinez, the token price is developing strong technical signs that could lead to an increase in its value.
  • The creation of an XRP ETF and the plan to introduce tokenized funds on XRPL indicate more institutional interests in the token.

XRP is once again in the spotlight after two prominent analysts outlined bullish projections for the token. The two analysts noted that technical signals suggest that the price could rise higher than the current price provided the factors sustaining the uptrend remains intact.

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Analysts Highlight Bullish Technical Signals for XRP Breakout

Trader Javon Marks posted a chart showing XRP building strength for another potential surge. According to him, the token has the potential to rise by over 226% and reach $9.90. If it surpasses that zone, XRP price may well be on its path to $20 and beyond.

Marks explained that the big price moves usually arise after massive accumulations and price patterns similar to those that has happened the past. His chart compared the current breakout with the previous long-term swings whereby XRP would rise after remaining flat.

Another respected chartist, Ali Martinez, also claimed that XRP is preparing for a strong rally. As he remarked, the token has displayed a purchase sign on the TD Sequential chart. This tool assists in identifying when a trend has stopped and it’s about to reverse.

Martinez added that this indicator on the 4-hour chart suggests improving price movement and the probability that a new upward trend is about to start. Based on his analysis, technical indicators now favor the buyers after the recent consolidation.

Strong technical trends and institutional interest in digital assets would further support the bullish position, especially as the CME Group plans to launch XRP and Solana futures options. The two projections come after XRP price has remained stable above $3. Although it dropped slightly, traders believe the token is about to make a stronger price move.

So far, the market’s response indicates cautiousness as XRP price approached $3. Based on the analysis, the most important test will be whether XRP will continue to increase beyond the next level of resistance or not.

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ETF Launch and Tokenized Funds Proves Institutional Confidence in XRP

In addition to the technical analysis, events surrounding XRP this week have strengthened the bullish stance. The first was the launch of the first U.S. spot XRP ETF. Also, there were new tokenized fund plans on the XRP Ledger. Investors will be able to trade or hold these funds like tokens, gaining exposure to regulated products that offers faster settlement and greater liquidity.

Both events mark growing institutional engagement with this token. Hence, the token is no longer a payment token solely. It has also become an asset supporting regulated investment products and on-chain finance integrations.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.