In a bold prediction, analyst Javon Marks suggested that XRP could see a massive price surge, potentially rising by 3,900% during this cycle.
XRP towards $99?
This ambitious forecast is based on the currency’s historical performance. Marks compared the current price movements of #xrp to its behavior during its great rise in 2017.
Marks noted that XRP recently faced a resistance area near its all-time high (ATH), noting that a similar scenario occurred in 2017 before the coin broke through this resistance and surged to much higher levels.
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3,900% increase?
According to Marks, if history repeats, $XRP could see a massive rally in the coming months, potentially up 40x from its current price. He explained that the $99 target for XRP is more than 3,900% higher than its current price of around $2.41.
Critics: 2017 style no longer works
On the other hand, some analysts oppose these ambitious forecasts, warning that relying on such scenarios could lead to significant losses.
For example, analyst Dom believes that many are still trying to link the current market movements to the 2017 pattern, but he believes that this is a waste of time. According to him, the market has completely changed, and the pattern that existed before has been broken.
$XRP Predictions Beyond Technical Analysis
On the other hand, there are those who believe that $XRP could reach $100 based on hopes related to:
Possible inclusion in the US Strategic Digital Assets Reserve
Its potential to be a faster and cheaper alternative to SWIFT.
Ripple's Global Partnerships
However, most analysts still caution against over-expectations and relying on uncertain scenarios.
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