XRP News Today: XRP May Rally 251% Following Historical Breakout Pattern

Crypto market commentator Javon Marks has recently shared an analysis suggesting that XRP may be on the brink of replicating a historical breakout pattern, potentially leading to a significant rally. Marks' analysis, presented on X, highlights two notable consolidation phases in XRP’s price action over the past decade, both of which resemble symmetrical triangle patterns. The first phase, from 2014 to 2017, preceded a rapid surge that took XRP to its all-time high of $3.84. According to Marks, the current consolidation, which began after XRP’s 2018 peak, reached its apex in late 2024 and recently resolved in an upward direction.

Marks identified key Fibonacci extension levels as crucial markers in the chart. The initial breakout in 2017 saw XRP consolidate briefly at the Fibonacci 1 extension level before climbing to the 1.618 extension and eventually exceeding the 2.618 level. The latest formation shows similar behavior, with XRP consolidating above $1.99 (Fibonacci 1) for months. The upcoming Fibonacci levels, as noted by Marks, include a 1.618 target at approximately $9.631 and a 2.618 extension suggesting a potential move toward $123.5278. Marks stated that “history still points to the next leg up leading into $9.631+, if not well beyond,” describing this as a potential gain of 251% from current prices.

Marks' analysis also highlights multiple support touches during consolidation, signaling a strengthening base before the recent breakout. The targets reflect a highly optimistic scenario for the digital asset, aligning perfectly with its 2017 performance. While the analysis does not offer a specific timeline for reaching these targets, it positions XRP’s current market structure as a potential precursor to significant gains. Following the 2017 pattern could lead to substantial gains for XRP holders, and the technical setup presented provides a clear framework for understanding the asset’s next steps.

Marks' bullish outlook for XRP is supported by other well-known experts who have shared triple-digit XRP targets. Historical trends and proper technical analysis back Marks’ analysis, suggesting that XRP’s future price movements could be influenced by its historical patterns and current market conditions. However, it is important to note that Marks' prediction of a 251% rally is based on the assumption that XRP will continue to follow its established trends. The analyst's forecast is not a guarantee of future performance, but it provides a compelling case for investors considering XRP as a potential addition to their portfolios. As with any investment, it is crucial to conduct thorough research and consider all available information before making a decision.