thecryptobasic.com
One of the market analysts who accurately predicted the $XRP rally in November 2024 is now projecting where the market could go from here.
Javon Marks, a well-known chartist, was one of the few market watchers who maintained their bullish stance on $XRP despite its underperformance earlier last year before the explosive November 2024 upsurge.
The Previous $XRP Prediction
For context, from January to October 2024, $XRP remained stagnant around the $0.45 to $0.6 range, while the rest of the market saw respectable gains. As a result, concerns that it could miss the bull run like it did in 2021 re-emerged.
Five months later, the $XRP/$BTC pair recorded the projected upsurge, with $XRP soaring from $0.5 in November 2024 to a peak of $3.4 in January 2025. This represented an impressive 6.8x increase, far outpacing the 3.3x projected by Javon Marks in June.
Marks Projects Next Upsurge
Now that $XRP is again facing struggles around the $2.3 to $2.5 region on the back of broader market uncertainty, Marks has presented another bullish prediction at a time when most analysts are expecting bearish price action, and market sentiments have dropped.
In a recent disclosure on X, Marks identified a bullish price action on the $XRP/$BTC 2-week chart. Notably, the November 2024 rally allowed $XRP to break above a descending trendline against $BTC that had held strong for seven years.
However, after the breakout, $XRP met resistance at 0.00003415 $BTC and has since pulled back and consolidated around a range of 0.000019 and 0.000033 $BTC, still holding well above the 7-year descending trendline. Interestingly, the Oct. 10 market crash pushed the $XRP/$BTC pair to retest the trendline 0.00000720 before a quick recovery.
Following this retest, Marks believes another upsurge is in the works. In his latest prediction, the analyst suggested that this time, $XRP could outpace Bitcoin by a massive 600%, possibly pushing the $XRP/$BTC pair to 0.00015977, a seven-year peak.
Notably, if the pair does hit the 0.00015977 high, this would be extremely bullish for the $XRP price. Specifically, at the current Bitcoin price of $107,200, an $XRP/$BTC value of 0.00015977 would translate to a price of $17.1 for $XRP. However, Bitcoin is likely to increase from this level, suggesting that $XRP price may rise beyond the $17 mark.