XRP Price Target at $9.63, Says Analyst Javon Mark
Crypto analyst Javon Marks has reiterated his bullish outlook on XRP, suggesting that the token’s historical price patterns continue to point toward a significant breakout. In a recent post, Marks stated that XRP could be poised for a rally to at least $9.63, a massive 250% upside from the current levels.
$XRP's history still points to the next leg up leading into $9.631+, if not WELL beyond!
Marks emphasized that the next leg up for XRP could extend “well beyond” the projected target. This will depend on whether the Ripple crypto sees a sustained investor interest along with broader crypto market momentum.
The chart provided by the analyst cites historical patterns showing that XRP price traded in a very tight range, forming what appears to be an accumulation base. It shows an extremely bullish projection for the XRP target to be set around the $13-$23 range based on the Fibonacci extensions.
As reported by Coinspeaker earlier, XRP price is eyeing a 600% breakout with bullish chart setups and tightening Bollinger bands. Multiple thesis suggests that a major price rally for XRP is in the making.
Demand for XRP ETF Rises, Will BlackRock Make the Move?
The XRP futures ETF from ProShares is set to go live next week on July 14, after securing the DTCC operation clearing license. This could be the stepping stone for ProShares to file for a spot XRP ETF in the future.
Furthermore, with greater regulatory clarity and the crypto ETF market gathering steam, market expectations for BlackRock filing for a spot XRP ETF are on the rise.
Adding more fuel to this, Donald Trump’s Truth Social has filed for a ‘Crypto Blue Chip ETF,’ which aims to hold major digital assets, including XRP, among its primary holdings.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.