A prominent market analyst has outlined an extremely bullish long-term case for XRP, suggesting the cryptocurrency could surge over 1,100% from current levels. Javon Marks points to a technical breakout from a multi-year chart pattern as the catalyst. His analysis projects a price target of approximately $16.39, which would represent a roughly 12-fold increase.
Marks bases his prediction on a measured move analysis, a method that projects future price movement based on the scale of a past rally. The setup traces back to 2017, following the token's first major price surge. According to the analyst, XRP formed a large pennant pattern starting that year, which typically indicates a consolidation period before a trend resumes.