Analyst Says XRP History Still Points to 251% Rally or More
XRP's Price Trajectory Analysis: Crypto commentator Javon Marks suggests that XRP is poised for a significant price increase, potentially reaching $9.631 or more, based on historical breakout patterns and Fibonacci extension levels observed in its price action over the past decade.
Market Structure and Support Levels: Marks highlights multiple support touches during XRP's recent consolidation phase, indicating a strong base before an upward breakout, while emphasizing that this analysis aligns with previous trends from 2017, although no specific timeline for these targets is provided.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.962 | 1.152 | 1.291 | 1.481 | 1.62 | 1.81 | 1.949 |
| Fibonacci | 1.152 | 1.278 | 1.355 | 1.481 | 1.607 | 1.685 | 1.81 |
About XRP
About the author
