Analyst Javon Marks sparked excitement in the XRP community with his prediction of the coin surpassing $100. Currently, the XRP price is slightly above $2.4.
Fibonacci and XRP Price Projection
Javon Marks employs Fibonacci levels in his analysis, suggesting that the current XRP price might exceed $100+ if it continues on its upward trajectory. His analysis is based on observations of XRP behavior at the 1.0 and 2.272 Fibonacci levels.
Past Performance and Current Status
During the 2017 bull run, XRP hit a peak around the 2.272 Fibonacci level, approximately $3. Marks also notes that XRP is nearing the 2.414 level, setting a target of $16. He uses Elliott Wave theory to support his long-term forecast.
Impact of Legal Proceedings
The XRP vs SEC lawsuit could influence price dynamics. Some crypto lawyers hint that the case might resolve in April or May 2025, which could add additional momentum to XRP's price.
While historical data suggests possible rallies after breaking key Fibonacci levels, only time will confirm the forecast.
