Renowned analyst Javon Marks asserts that XRP could soar by 39,000% to $200 or by 4,039% to $20 when its bullish momentum begins. Over the past seven days, XRP has shown positive performance, stabilizing at around $0.4831. However, investors have still endured a 7% loss over the past 30 days. From a broader perspective, XRP’s one-year trajectory is slightly encouraging, having grown by 7% over the past year.
For years, as various indicators have suggested, XRP investors have been anticipating a bull market, and this expectation continues. Yet, keen market observers believe the wait is about to end, and patient investors will reap substantial rewards.
Analyst Javon Marks expressed this view in his latest comments on XRP. Initially, he acknowledged that the widely predicted symmetrical triangle breakout has not yet materialized. However, Marks reiterated his confidence that XRP is on the verge of a “significant event.”
His confidence is rooted in his observation of XRP’s current price pattern, which exhibits a coiling formation similar to the past. Additionally, he notes that high trading volumes and confirmed hidden bullish divergence indicate that XRP is poised for significant developments.
“The Ripple Effect”