Crypto analyst Javon Marks has given a bullish outlook the XRP priceand predicts that the price could rise to $14, with Bitcoin leading the way. He alluded to a historical trend in which XRP outperformed BTC. Therefore, the analyst is confident that such price action can occur again.
Analyst predicts XRP price will rise to $14, led by Bitcoin
In one X messageJavon Marks stated that the XRP price will surpass Bitcoin by over 600% this time, which could lead to a rally to over $14 for the altcoin. He noted that when XRP previously surpassed Bitcoin the price rose by more than 240% by more than 570%. He is therefore confident that this can happen again.
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The analyst’s accompanying chart shows that this XRP price rally could happen between now and mid-2027, with the altcoin outperforming Bitcoin over this period. However, Marks neglected to mention what could cause such a price increase for the altcoin as it has mirrored the flagship cryptocurrency thus far. this market cycle.
Notably, XRP price has a year-to-date (YTD) loss of just over 7%, while Bitcoin has a YTD loss of just under 2%. However, XRP is seeing renewed bullish momentum thanks to spot ETFs, which launched between last month and this month. The XRP ETFs recently reached $1 billion in assets under management (AuM), making it the fastest crypto asset to reach this milestone since Ethereum.
As CEO of Ripple noted Brad GarlinghouseThis underlines the demand for these crypto products, which could serve as a catalyst for a higher XRP price. Meanwhile, the XRP Ledger could soon see greater adoption following the release of the v3.0.0 upgrade, which could in turn increase the usefulness of XRP.
XRP is still at the ‘decision point’
Crypto analyst CasiTrades noticed this that the XRP price is still at a decision point. She explained that until XRP rises above the USD 2.41 resistance and pushes towards USD 2.65, the bullish scenario is not confirmed. On the other hand, the analyst stated that if the price falls back below the $2.04 support, the more bearish path opens towards $1.73 and possibly $1.64, which is the .618 macro support.
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CasiTrades reiterated that nothing has been confirmed the XRP price as both scenarios are still very much in play. She indicated that this $2.04 is the best price level for traders to take a position in as it positions them for both scenarios. The analyst explained that if the price holds and goes up, these market participants will be there before the confirmation. In the meantime, if the price falls, they can place a stop just below support or at breakeven.
At the time of writing, the XRP price is trading around $2.01, down over 3% in the past 24 hours. facts from CoinMarketCap.
Featured image from Adobe Stock, chart from Tradingview.com