Despite popular skepticism in the community, analyst Javon Marks has continued to insist that XRP price action for the coming months will be explosive.
In numerous updates, Marks has highlighted that XRP’s chart is showing multiple hidden bullish divergences—a technical pattern often linked to strong upward momentum.
Moreover, his analysis considers XRP’s extended downtrend, where the asset has continued to form lower lows since its last rally that took it to an all-time high.
Analysts Agree on XRP Breakout But Disagree on Upside Target
Notably, market analysts agree that XRP is nearing a critical point of breakout from the downtrend that began in early 2018. However, there is contention about how high XRP could go.
Some analysts, like Marks, have argued that a repeat of history is likely, where XRP could re-calibrate the same trajectory that saw it reach an all-time high in 2018.
Notably, XRP’s earlier downtrend ended in the first quarter of 2017, and the asset followed a strategic uptrend phase. It first canceled a leading zero in mid-2017 to trade above $0.037 and later eliminated another zero by Q4 of the year before breaking $1.
This consistent phase of uptrend eventually led XRP to an all-time high of $3.84 by January 2018. This represented a massive 75,000% growth from its $0.005 level just a year prior.
Many market watchers, including Marks, believe that such growth could be possible again, citing XRP’s nearly seven years of range. They argue that the breakout could be even more intense, given XRP’s greater adoption now compared to previous cycles.
However, while agreeing that XRP is primed for a breakout, other analysts contest this viewpoint. They argue that the 2017 pattern can no longer be used as an accurate forecast for XRP’s future uptrend.
Additionally, they believe that as a more established crypto project, XRP’s potential for another aggressive rally has diminished.
No Matter What Critics Say, XRP Must Surge 500%
Despite the criticism, Marks does not back down. He believes the market may be underestimating the strength of the current setup.
In his most recent analysis, he asserted that no matter how critics view his projection of a 42,400% increase for XRP to $250, the fact remains that XRP is confirming multiple hidden bullish divergences.
He emphasized that, at the very least, XRP could climb by 500% to reach $3.31, which is near its all-time high from 2018. However, those who bought XRP at the absolute peak of $3.84 may still face losses.
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