Crypto analyst Young Marks remains bullish on XRP even after its recent price crash below $1.3. The analyst stated that the long-term technical picture of the cryptocurrency points to a potential upside double territory. According to Marks, the roadmap for XRP’s rise to $15 remains unchanged, underscoring his strong confidence in the altcoin’s ability to move past. downward trends prevail.
Related reading
XRP’s double-digit price target remains unchanged
Share your views on X, Marx said Followers that XRP’s measured movement target remains stable around $15 and declines recent price weakness as a temporary breakout within a much larger bullish structure. His accompanying chart covers more than a decade of XRP price history, stretching from roughly 2014 through a projected timeline to 2026.
Marx’s analysis highlights a recurring pattern that has played out over several market cycles. In any case, XRP formed a descending triangle or the formation of a curve and then a decline from the main support level indicated by the analyst “false breakdown.” After that, XRP began a powerful parabolic rally to new all-time highs.
This sequence of curve formation and subsequent false breakout happened especially in 2017 and started again in 2021, each time making extraordinary gains in the price of XRP. According to Marks, the crash that occurred in late 2024, when XRP rose from around $0.55 to $2.2, mirrored the jump in 2017 a final bull rally to $3.84 in 2018.
He claims that this development points to another ten-fold move in this period, representing a more than 900% increase in the price of XRP. The chart also predicts a high target between $15 and $18, with the vertical measurement bar indicating a potential upside of about 2,872.31%.
Analysts remain bullish on XRP as whales stretch
Analyst confidence in the price of XRP remains strong despite broader market volatility and recent price declines. It is worth mentioning that the market expert Steph Crypto has was determined perennial Cup and handle pattern on its chart, which could lead to a historic rise in the price of XRP.
According to the analyst, the ascending line of the pattern points to the expected increase to the level of $4. This price zone is highlighted as a key resistance zone, and a decisive move above it could push XRP towards itself. Future target above $30.
Interestingly, Steph’s bullish outlook on XRP comes as bulls continue to go long on the cryptocurrency. Xaif Crypto market expert’s latest report reveal that shark opened a huge $3.34 million position in XRP. He noted that the shark had a $193,000 profit with a 104% margin, essentially covering everything without a safety net.
Related reading
The move underscores the bull’s strong belief in XRP’s upside potential. However, Xaif Crypto has warned that if XRP falls to $1.37, the shark could lose everything. It is important to note that The price of XRP has already fallen down from $1.3 and is currently near $1.28 at the time of writing.
Featured image from Vecteezy, chart from TradingView
