XRP Surge Imminent: Hidden Divergences Predict 500% Growth
Despite widespread doubt in the crypto community, analyst Javon Marks remains adamant that XRPs price is poised for a breakout. In his latest updates, Marks has pointed to several hidden bullish divergences in the tokens charts, a technical indicator that often signals strong upward momentum.
Marks isnt alone in his optimism. Many market analysts agree that XRP is nearing a critical moment. After years of downward trends, the asset appears ready to break free. However, not everyone agrees on how high the token could rise after the expected breakout.
Marks is among those who argue that history might repeat itself. He believes that the Ripple token could follow a trajectory similar to the one that saw it hit an all-time high of $3.84 in January 2018. During its 2017 run-up, the token erased two zeros, climbing from $0.005 to over $3 in a matter of monthsa staggering 75,000% increase.
This growth was fueled by a wave of adoption and speculative investment. Today, Marks points to the tokens increased utility and wider use as reasons to expect another massive rally. XRP has spent nearly seven years in range, he explains. A breakout now could be even more explosive than before.
However, other analysts are more cautious. While they acknowledge the bullish patterns in XRPs chart, they argue that todays market conditions differ significantly from those in 2017. As a more established crypto, the token may face stronger resistance to extreme price increases. The 2017 model isnt an accurate predictor for XRPs future, one analyst says. The market is more mature, and XRPs growth will likely be slower.
XRPs 500% Surge Still Possible
Despite the skepticism, Marks is unshaken. In his most recent analysis, he insisted that even if critics dismiss his projection of the Ripple token climbing 42,400% to $250, the potential for significant gains remains. At the very least, XRP is set for a 500% rise, he asserts, predicting that the asset could reach $3.31, a price near its all-time high.
This price target would represent a major recovery for the token, which has seen its value plummet from the 2018 peak. Investors who bought in at that time would still face losses, but Marks believes the upside potential is undeniable.
As XRP approaches the critical $0.50 resistance level, many eyes are on the charts. Hidden bullish divergences, combined with an extended downtrend, suggest a major move is imminent. Whether Marks bold predictions come to pass, XRP holders can expect an exciting few months ahead.
With growing institutional interest and a more established market presence, XRPs next move could set the stage for a new chapter in its history. Only time will tell if the skeptics or the optimists are right.
Read more: https://www.tronweekly.com/xrp-surge-hidden-divergencs-predict-500-growth/
Text source: TronWeekly
