 
 
XRP continued to demonstrate impressive strength on Sunday, after rallying by about 3% over the past week despite the legal scrabble between Ripple and the U.S. Securities and Exchange Commission. Notably, this surge has firmly established XRP as the top-performing major cryptocurrency over the past 7 days, outpacing competitors like Bitcoin, Ethereum, Cardano, Solana, and popular meme coins.
That said, the recent strength of the token has emboldened analysts and investors alike, who are now predicting significant future gains. Javon Marks, a prominent analyst, expressed his bullish sentiment, projecting that if the token breaks out of its current consolidation phase, its price could potentially surge by more than three hundred times its current value.
“XRP (Ripple) is RIGHT NEAR a point of BREAKOUT! A breakout has the potential to spark a more than 300X, 2017 Style bull move into the $100s…” Marks tweeted, emphasizing a breakout from an asymmetrical triangle pattern, reminiscent of patterns observed prior to the massive bull run of 2017.
Marks’ optimism echoes his earlier calls from last month, where he forecasted substantial price movements based on this technical pattern. Notably, in last week’s post, the pundit suggested that the anticipated breakout could propel XRP towards the $200 range, marking an appreciation of 36,000% from current range levels.
Further supporting the wave of optimism, analyst “CryptoMichael” highlighted the historical significance of a potential breakout for XRP from the said triangle, noting the formation of a seven-year-long bull pennant pattern.
 
“We might be about to witness one of the most significant breakouts in crypto history,” the pundit noted, underscoring the potential impact of such a technical setup.
Joining in the bullish sentiment, analyst Armando Pantoja also projected significant upside for XRP. In a Thursday tweet, the pundit highlighted a breakout scenario, setting short-term price targets at $3.84, $12.75, and $20.30. He further emphasized that regulatory clarity and increasing institutional interest in Ripple are pivotal factors poised to accelerate this growth significantly.
Notably, XRP has also been commanding significant investor interest, propelled by a surge in bullish sentiment this week, as highlighted by a prominent crypto analytics platform on Wednesday.
However, despite the optimistic outlook, XRP experienced a minor setback in the past 24 hours, slipping by 1.66% to trade at $3.03. Analysts like “Gannman” suggest that the token’s price could retract to the $0.50 range before resuming its upward trajectory.
“We’ve seen a 66% increase, a five-wave move from the recent lows. I hope you caught it with me. It appears this move could be complete, and I’ll be looking to re-enter on the pullback,” Gannman remarked, aligning with the sentiments of other analysts anticipating a temporary retracement followed by potential further gains.
Source: https://zycrypto.com/xrp-could-hit-100-in-2017-style-breakout-as-analyst-sees-300x-potential-from-current-levels/