##Xrp🔥🔥 An analyst identifies a potential 800% rise based on the Fibonacci structure

Amid the bearish sentiment, market analyst Javon Marks claims that XRP may be positioned for a substantial move based on historical chart patterns and Fibonacci levels. The analyst has identified a bullish continuation formation. It aligns with the triangular setup observed between 2014 and 2017.

During that period, XRP consolidated before breaking to $3.31. It is a price movement that coincided with the Fibonacci level 1.0.

Marks sees a similar structure developing between 2018 and 2023, with a breakout expected in early 2024. After that breakout, XRP would revisit the $3.31 level, matching the outcome of the previous cycle.

As the analyst explains in the current chart, XRP has moved beyond the multi-year triangle. This movement places it on track to reach the Fibonacci level 1.618 at $21.34.