- XRP recently broke from a massive pennant formation, reminiscent of its 2017 price explosion, that sparked hopes among traders.
- It now inches toward major resistance at $3.317, and experts believe it may trend upwards toward $99 as long as momentum is maintained.
- XRP’s current breakout aligns with historical trends, suggesting strong buying pressure and possible exponential growth in the coming months.
XRP exhibits a technical structure that recalls its 2017 breakout pattern, suggesting a dramatic potential move. Market data and historical trends provide context for the possibility of a 44X surge, as noted in a recent tweet.
Market Overview and Historical Context
A recent tweet by crypto analyst JAVONMARKS stated that XRP could be 44X from its current level. This remark draws a parallel between past explosive moves and today’s technical setup. The historical breakout set the stage for wild price moves, and a similar pattern now appears to be unfolding. Observers compare current technical measures with those from previous cycles to assess future potential.
The daily XRP chart on Binance shows the price at $2.1424. The market has traded just above support at $2.0164 after previous tests. Trading volume remains robust, reinforcing that buyers are active. Price action mirrors patterns seen in 2017 when XRP broke out of a pennant pattern and surged sharply toward its first target at $0.0609.
Technical Patterns and Chart Dynamics
The chart reveals a large pennant pattern similar to the one seen in 2017. The breakout from this pattern propelled XRP toward its first target at $3.317. That level now acts as light resistance and a reference for future moves. Two descending triangle formations are visible on the chart, each historically linked with strong upward movements.
Price recently surged past a dynamic resistance near the 50-day Exponential Moving Average at $2.3632. This move signals a shift that could lead to further price gains. Traders observe that the measured move projection uses the height of the previous breakout to estimate upcoming targets. This technical analysis provides context to the tweet’s suggestion of explosive growth.
Support, Resistance, and Future Scenarios
Immediate support remains at $2.0164, a level that has been defended on multiple occasions. A failure to hold this support might bring the price closer to lower targets between $1.90 and $1.80. Meanwhile, resistance at the 50-day EMA of $2.3632 remains a crucial barrier. Should the price break above this level, a move toward higher targets appears likely.
Intermediate resistance appears between $2.40 and $2.50, where previous rejections occurred. A sustained move above these levels may confirm the technical setup and lead to a fresh surge. Analysts now assess whether current trends can repeat past explosive moves.
XRP’s technical outlook, combined with historical context and current chart dynamics, reinforces the discussion around a potential 44X move.
