XRP News Today: XRP Faces a Crossroads: Positive Historical Trends Clash with Negative Technical Signals and Ongoing Regulatory Doubts
- Market analyst Javon Marks predicts XRP could surge to $9.90 if 2014–2018 bullish patterns repeat, citing similar chart structures and Fibonacci projections. - Institutional interest grows as T. Rowe Price files for an XRP-inclusive crypto ETF, signaling broader acceptance amid regulatory clarity efforts. - Bearish indicators persist, including a descending triangle pattern, insider sales by Ripple co-founder Chris Larsen, and delayed SEC approvals for XRP ETFs. - Traders remain divided on $2.40-$2.65 ke
The recent movement in XRP's price has reignited discussions among market experts, with technical analyst Javon Marks forecasting a possible jump to $9.90 if previous trends reoccur. Marks bases his projection on similarities between XRP’s present chart patterns and its 2014–2018 bull cycle, during which the asset soared from $0.0028 to a then-high of $3.31, as detailed in the
Marks’ analysis of the 3-day chart points to a consolidation period that echoes XRP’s 2017–2018 rally, when the coin rebounded from $0.0042 in 2015 to $3.31 by 2018. He suggests that the current price movement is following a similar trajectory, with XRP establishing higher lows despite downward corrections. Should the price break above $2.65, Marks believes it could ignite a run to $9.90, matching the 1.618 Fibonacci extension and representing a 291% increase from current prices, according to TheCryptoBasic.
Growing interest from institutions is fueling bullish expectations. T. Rowe Price, which manages $1.77 trillion in assets, has recently submitted an application for an actively managed crypto ETF that includes XRP, HBAR,
Yet, bearish signals remain. A descending triangle pattern on XRP’s daily chart points to a possible drop below the $2.3 support level, with technical analyst Ali Martinez identifying $2 as a critical downside target in
This mix of signals has left traders split. Market observer DustyBC noted that XRP is consolidating within a descending wedge, predicting a move to $3.6 if buyers regain momentum, according to TheCryptoBasic. At the same time,
Ripple’s recent focus on digital asset treasuries adds a positive long-term outlook. The company’s infrastructure projects are designed to improve international payments, though short-term price trends remain disconnected from these fundamentals, Coinotag noted. On-chain data, such as bullish divergence in XRP futures volume, suggests accumulation, but sustained upward movement will require a break above the $2.8 resistance, according to Coinotag.
As XRP faces this pivotal moment, analysts stress the significance of macroeconomic conditions and regulatory shifts. While past trends and institutional participation provide reasons for optimism, negative technical patterns and insider selling highlight the risks. The upcoming weeks will reveal whether XRP can repeat its 2017 rally or continue to consolidate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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