XRP News Today: XRP Poised for 251% Surge as Analysts Predict New All-Time Highs

XRP, a prominent altcoin, is poised for a significant price surge, according to a well-known crypto analyst. The analyst has identified two key technical conditions that could drive the cryptocurrency to new all-time highs. The first condition is a breakout from a long-standing Falling Wedge pattern, which has kept XRP in a tight consolidation phase for an extended period. This pattern, particularly evident on the weekly chart, is historically bullish when broken to the upside, signaling renewed bullish momentum and potentially sparking a rally toward uncharted price territory.

The second factor emphasized by the analyst is the need to invalidate the EDO Farina bearish indicator. This technical signal is viewed as a false indicator of sustained downward movement. The analyst maintains a strong and long-standing bullish position on XRP, predicting on multiple occasions that the cryptocurrency could soon skyrocket. In one of his latest price analyses, the analyst outlined his bullish forecast for XRP, citing his previously accurate call of a 12x rally to $3.37. Confident in his method, the analyst now aims to apply the same strategy to pinpoint the altcoin’s next market top.

The analyst also noted that no major news, hype, or sudden excitement is necessary to drive XRP to a new all-time high. In his view, such events often trap inexperienced traders, causing them to buy high and get “Rekt.” Building on this optimistic outlook, the analyst projects that the altcoin will eventually climb to new levels before crashing by up to 90%.

Another prominent crypto analyst, Javon Marks, shared a bullish outlook for XRP, predicting a potential price surge of over 251% from its current level. According to the market expert, historical price behavior and long-term chart patterns indicate that XRP may be on the cusp of entering its next significant upward leg, with targets set at $9.631. Notably, XRP’s bullish target is not confined to this level. Marks believes that it could climb even higher, with his price chart featuring an arrow that points to a potential surge beyond $33 in the next few years.