Pundit Predicts Ripple’s XRP Surge To $200 In Case Of “Full Logarithmic Follow-Through” ⋆ ZyCrypto

Renowned
crypto
analyst
Javon
Marks
has
ignited
fervor
within
the
XRP
community
after
suggesting
XRP
could
soar
to
unprecedented
heights
reminiscent
of
its
historic
2017
surge.

In
a
detailed
analysis
on
July
2^nd,
the
pundit
pointed
out
significant
technical
indicators
and
historical
data
supporting
his
bullish
outlook, 

“Yes,
you’ve
probably
seen
a
similar
pattern
setup
many
times
on
$XRP,”
Marks
tweeted,
pointing
to
technical
patterns
preceding
the
2017
bull
run.

Key
to
Marks’
forecast
is
the
formation
of
a
Symmetrical
Triangle
or
Pennant
Pattern
accompanied
by
descending
volume.
This
suggests
a
potential
continuation
of
the
previous
bull
run,
which
saw
XRP
surge
to
an
all-time
high
of
$3.84
on
January
8,
2018.

Marks
further
highlighted
the
RSI
(Relative
Strength
Index)
and
a
trend
line
indicating
lower
RSI
lows
amidst
higher
price
lows,
confirming
a
hidden
bullish
divergence.

“With
the
way
prices
are
coiling/shaping
up
combined
with
where
they’ve
come
from
(historical
data)
and
high
volume
plus
an
already
confirmed
Hidden
Bullish
Divergence,
something
massive
can
be
truly
nearing,”
he
added.

That
said,
this
technical
setup,
Marks
asserted,
could
propel
XRP
back
to
$1.44
and
beyond,
potentially
breaking
out
towards
$200
if
a
Full
Logarithmic
Follow-Through
occurs—a
feat
that
would
mark
a
staggering
climb
of
over
39,000%.

Another
analyst,
known
as
“Mikybullcrypto,”
echoed
Marks’
sentiment,
noting
the
possibility
of
XRP
mirroring
its
2017
rally
given
current
price
action,
particularly
the
bullish
divergence
on
the
RSI.

 “The
sentiment
surrounding
it
is
bleak,
which
made
me
believe
such
a
scenario
can
occur,”
he
tweeted.

Meanwhile,
analyst
Armando
Pantoja
highlighted
XRP’s
immediate
price
dynamics,
stressing
the
importance
of
the
token
trading
above
the
$0.46
range.
He
noted
that
if
this
range
holds,
he
expects
the
price
to
surge
to
$0.57
in
the
short
term
before
potentially
targeting
$2
and
beyond.
Pantoja
also
pointed
out
the
current
price
action
of
the
RSI,
stating
that
the
“RSI
is
showing
potential
for
a
HUGE
upward
MOVE
coming
soon.”

That
said,
the
confluence
of
these
bullish
predictions
comes
at
a
critical
juncture
for
XRP,
considering
the
broader
market
volatility
and
regulatory
woes
facing
Ripple.
However,
the
community
remains
hopeful
that
the
ongoing
securities
legal
battle
between
Ripple
and
the
SEC
could
end
favorably
for
XRP. 

Meanwhile,
this
week,
XRP
continued
to
face
pressure
amidst
a
wider
crypto
meltdown
caused
by
concerns
over
mass
BTC
sell-offs
by
various
stakeholders.
At
press
time,
XRP
was
trading
at
$0.4484,
reflecting
a
5.37%
surge
over
the
past
24
hours
after
a
flash
crash
earlier
in
the
day.