XRP Technical Breakout with 44% Upside Potential if Support Holds

I believe that XRP is currently experiencing a renewed bullish trend, especially after breaking above a key support level, which sets the stage for a substantial price increase. According to technical analysis, if XRP maintains its support around $2.47, there is strong potential for a 44% surge, targeting approximately $4.804. This bullish outlook is further reinforced by the pattern of higher lows and the support-turn-resistance level, indicating healthy market momentum for XRP. The analysis from crypto expert Javon Marks suggests that as long as XRP stays above this crucial support, the possibility of reaching new highs remains viable. Reaching and surpassing $4.804 could even lead XRP to test levels near $7.138, representing a significant upside potential of over 128%. This scenario points to a possible historic rally, especially if the price can break past the current resistance zones convincingly. It’s important to note that this price action marks a new all-time high for XRP, and such a breakout could trigger widespread bullish sentiment. However, there are caution signals as well, such as the recent rejection at the $3.66 level and a decline of 11% to test support at $3.00. This indicates that XRP might be in a consolidation phase or a slight retracement after an attempted breakout from longer-term patterns like the symmetrical triangle. The reaction around $3.3 to $3.66 will likely be crucial; a confirmed breakout and retest above $3.3 could reignite upward momentum. In summary, the current technical signals suggest a favorable outlook for XRP, contingent on support levels holding and positive momentum continuing. Short-term traders should watch for a break above resistance levels as potential confirmation of the next upward move. Overall, I see this as a promising setup for significant gains if key price levels are preserved and bullish patterns play out as anticipated.