Analyst JAVON MARKS has sparked interest among XRP holders by presenting a chart comparing the token's current state to its 2017 surge.
Current Price and Key Levels
As of now, XRP trades at $2.81, hovering above critical support between $2.47 and $2.70. This zone has acted as a floor for several sessions, while resistance looms at $3.30 to $4.00. If these levels hold, a price increase to $4.80 is possible.
Long-Term Fibonacci Targets
MARKS' analysis shows possible price targets based on Fibonacci extensions at $9.63, which would mark a 251% rise from current levels, and intermediate resistance around $7.77. More daring projections extend as high as $127, reflecting a 50x surge based on the 2017 breakout model.
Risks and Market Signals
As with any technical setup, risks remain. On-chain data shows nearly $500 million worth of XRP moved onto exchanges in the past week, potentially signaling heightened selling pressure. A failure to defend $2.47 or repeated rejection at $3.30–$4.00 would weaken the bullish case.
JAVON MARKS' analysis presents an intriguing perspective for XRP if current market conditions and structure remain. Success hinges on holding support and breaking resistance.
