Crypto Analyst Javon Marks Doubles Down on XRP's Ultra-Bullish Forecast, Predicts a Skyrocket to the $200 Zone

A well-known crypto analyst has doubled down on their ultra-bullish forecast for Ripple's cross-border payments token, XRP.

A well-known crypto analyst has doubled down on their ultra-bullish forecast for XRP, predicting that the cross-border payments token will rally to an astronomical price of $200.

If this prediction materializes, XRP will witness an astounding 3,000% surge from its current price point. XRP is trading at $5.8 at the time of writing, as noted by CoinGecko.

A recent analysis by an analyst known as the Charting Guy has sparked interest within the XRP community. The analysis suggests that XRP has finally broken out of a nearly four-year downtrend.

An accompanying chart shared by the Charting Guy indicates that XRP's price on the weekly chart was trading within a long-term descending trendline that proved to be a critical level for the bulls to beat. XRP's recent rebound above this crucial resistance level bodes well for a stronger rally.

$XRP decided to break now? 3.5 year downtrend broke and just confirmed with today's daily and weekly close. Depending on how you draw the trendline, it may have broke the full 7 year downtrend too, but I'm waiting for extra confirmation on that. Still VERY significant pic.twitter.com/VUBkjZtKLv

The analyst also noted that XRP had broken out of a seven-year downtrend, which began after the cryptocurrency hit its current lifetime peak of $3.40 in January 2018. While waiting for further confirmation, the Charting Guy described the break as “still very significant.”

Charting XRP's Path To $200

Another crypto analyst, Javon Marks, believes that XRP is poised for an unprecedented price surge as it breaks out of a seven-year pennant setup.

In a post on X, Javon noted that this break, if it holds strong, and a “full logarithmic follow through” will easily propel XRP to $200 in the coming months. The pundit arrived at this prediction by charting a similar pattern from 2017 that led to a 42,000% return to its all-time high value of $3.40.

$XRP is currently broken out of this ≈6.69 Year Pennant Pattern and with a hold of this current break a Full Logarithmic Follow-Through afterwards, prices of XRP can reach up to $200 in an over 30,000% climb from here! pic.twitter.com/AEU9uhfrEV

If XRP does hit the coveted $200 mark, its market capitalization will reach astronomical heights. Assuming the current XRP supply remains unchanged, a $200 price tag would translate to a market cap of over $11 trillion, which is substantially higher than the total market capitalization of all cryptocurrencies in the market.

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