XRP Price Prediction: Will XRP Finally Break Out and Rally Above $3?

A crypto analyst has made a bold prediction about the XRP price, highlighting that an explosive rise above $3 is not a matter of if but when.

A crypto analyst has predicted that the XRP price will experience a massive breakout above the $3 level. While XRP’s price growth has been slow over the years, the analyst believes that the cryptocurrency’s fundamentals and market dynamics are aligning for a significant upward movement.

Popular crypto analyst Javon Marks is bullish on the XRP price, predicting that the prominent cryptocurrency could be on the verge of a major rally above the $3 mark. In an X (formerly Twitter) post on Tuesday, Marks noted that the recent XRP price action is showing a “massive bullish breakout” to the upside.

According to Marks, this upward momentum could happen very soon, suggesting that all the conditions and signs are pointing towards a substantial price shift for XRP in the future.

The analyst shared a detailed chart of XRP’s historical price movements, highlighting that the cryptocurrency has formed a distinct triangle pattern, starting in 2014 and peaking in 2017. After breaking out of the triangle pattern in 2017, XRP experienced a dramatic price surge, reaching new highs before recording a short dip and then rallying again to its current all-time high of $3.84 in 2018.

Based on Mark’s price chart, XRP has formed another similar triangle pattern, which started around 2018 and is projected to peak in 2025. Marks noted that breaking out of this triangle pattern could trigger a massive increase in the XRP price, potentially pushing the cryptocurrency to new highs around $3.6 by 2025.

Despite the optimistic price projections for the XRP price, the cryptocurrency has been facing immense downward pressure for the past few months. While other cryptocurrencies like Bitcoin, Ethereum, and most meme coins have been experiencing significant price gains amidst the positive shift in market conditions, XRP price has struggled to build momentum.

Data from CoinMarketCap shows that XRP is currently trading at around $0.5, recording minor losses, much to the frustration of long-time XRP holders and investors. While Bitcoin has skyrocketed to $72,000, Ethereum to $2,670, and Shiba Inu to $0.0000188, XRP has declined by 0.37% in the last 24 hours and decreased by 18.61% over the past month.

Currently, XRP is being cited as one of the worst-performing assets in the crypto space, as its price has failed to break beyond the $1 mark since February 2022. This bearish price trend and slow momentum could be attributed to XRP’s bearish market sentiment and the ongoing legal battles between Ripple Labs and the United States Securities and Exchange Commission (SEC).

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