A technical analyst projects XRP at $15, implying a $937 billion market cap, citing patterns from its 2017 rally.
Technical analyst Javon Marks predicts XRP could reach $15, a 1,400% gain from its current $1 level, based on a pattern mirroring its 2017 breakout. The move would value XRP at $937 billion, nearly three-quarters of Bitcoin’s current market cap.
XRP last peaked at $3.84 over eight years ago, a 250% rise from today’s price. Analysts remain divided on whether it can reclaim that high, contingent on regulatory clarity like the CLARITY Act passing the Senate. The cryptocurrency has traded near $1 since June, despite Ripple’s expanding institutional deals.
Marks previously forecast XRP at $2.47 in January 2024 when it traded at $0.56, a call that gained attention as the coin later stagnated before recent movements.