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Analyst Says XRP’s $15 Target Has Still Not Changed – Here’s Why

NewsBTC|Scott Matherson||1 views
🤖AI Summary

Crypto analyst Javon Marks maintains his $15 XRP price target despite the recent crash below $1.30, citing historical patterns of false breakdowns followed by parabolic rallies. The analysis points to potential 900%+ gains based on multi-cycle technical patterns, while whale activity shows continued bullish positioning despite significant downside risks.

Key Takeaways
  • Analyst Javon Marks maintains XRP's $15-18 price target representing potential 2,872% gains despite recent price weakness below $1.30
  • Historical pattern analysis shows XRP typically forms descending triangles with false breakdowns before major bull rallies, as seen in 2017 and 2021 cycles
  • The 2024 breakout from $0.55 to $2.20 mirrors 2017 patterns that preceded XRP's rally to $3.84 all-time high
  • Additional analyst Steph is Crypto identifies Cup and Handle pattern targeting $4 resistance with potential extension above $30
  • Large whale opened $3.34 million long position with 104% margin despite risk of total loss if XRP drops to $1.37
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