XRP is attracting attention as technical indicators suggest significant upside, with the crypto analyst, Javon Marks, predicting a potential move beyond $15.
The late-2024 breakout appears to have set the stage for a strong rally, hinting at returns surpassing 900%. Historical patterns indicate that such momentum, supported by trading volume, can fuel extended price surges in the crypto market.
Source: Javon Marks X Post
Measured move calculations reinforce XRP’s bullish outlook, suggesting the $15 level is a realistic medium-term target. Traders and investors are weighing the potential for a 10X rise, though market volatility remains a factor.
As momentum builds, XRP’s price action will be closely monitored, and the coming months could reveal whether this technical promise translates into substantial gains for the digital asset.
Also Read: XRP Added to Arizona State Digital Asset Reserve Proposal
XRP Technical Outlook Shows Improving Momentum
According to TradingView, XRP on the 4-hour chart is trading near 1.447 after rebounding from support around 1.31, which aligned with the lower Bollinger Band.
The price has pushed back above the 20-period moving average near 1.37, signaling short-term recovery momentum. The recent bounce follows a steady decline from the mid-month spike toward the 1.65 area.
Source: TradingView
Although XRP has rebounded from this level, it is currently trading below the 50, 100, and 200 moving averages at around 1.40–1.55.
A break above 1.48–1.55 will improve the chances of a bullish continuation. If it fails to sustain above 1.42, it may resume selling pressure towards 1.37 or even the 1.31 support area.
Momentum Indicators Reinforce Recovery Phase
The RSI (14) is currently trading close to 63.8, and this is in the bullish region but below the 70-level overbought region.
This is showing stronger positive momentum in the upward direction without being overbought. The recent rise is showing stronger buying activity. The RSI is also showing a rise in its moving average.
Source: TradingView
The MACD indicator (12, 26, 9) has a bullish crossover, with the MACD line crossing above the signal line. Moreover, the histogram has changed to positive with increasing height, which means the bulls are gaining strength. After consecutive negative histogram bars, this is a good sign.
Also Read: Powerful XRP Recovery Needs $1.45+ Breakout As Liquidation Waves Shake Traders