XRP, $200 in 90 days?...Famous Analyst: "2017 Rally is Coming Again"

▲ XRP, Silver/ChatGPT Generated Image

A prediction has emerged that XRP will record an astronomical rise within 90 days, perfectly replicating the chart pattern just before its unprecedented surge in 2017.

According to The Crypto Basic, a cryptocurrency specialized media outlet, on April 17 (local time), analyst Javon Marks analyzed that the XRP chart is following a fractal structure identical to that just before the 2017 bull market. Marks believes that XRP has broken through a multi-year downtrend line and reached the critical point of an explosive rally. In the past, similar patterns have been followed by price surges of tens of thousands of percent or more. The current consolidation period is like the calm before a massive storm.

Marks set a short-term target price for XRP at $15.14. He predicted that it could rise to over $200 in the long term. In 2017, XRP underwent a consolidation period of approximately 280 days. After that, its value surged vertically in just a few months. This time, the consolidation period has been much longer. The scale of the upward energy is also expected to be much larger than before. Marks asserted that the next 90 days will be the most critical turning point in XRP's history.

The Relative Strength Index (RSI) also aligns with past bullish signals. The massive triangular convergence pattern appearing on the weekly chart is in its final stage. As soon as the price breaks through the upper resistance line, buying pressure will flow in. Marks interpreted the current corrective market as the final hurdle, explaining that it is a move to shake out individual investors.

The timing when liquidity across the virtual asset market shifts to altcoins is also a positive factor. As Bitcoin (BTC) dominance weakens, funds are flowing into altcoins. Ripple is a key candidate, with regulatory uncertainties resolved and technical completeness aligned. As a specific period of 90 days was presented, market participants' expectations also heightened.

If this prediction comes true, the ranking of the virtual asset market will be fundamentally restructured. If the legendary rally of 2017 is replicated, the current price range will become a historical low. Investors should pay attention to macroeconomic pattern changes rather than short-term volatility. The price XRP will reach in 90 days is expected to cause a significant shock to the global financial sector.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*