XRP Analyst Predicts Potential 50X Surge to $123

XRP is once again in the spotlight as investor optimism grows around a potential massive rally. A crypto analyst has highlighted a historic fractal pattern that may push XRP’s value up by 50 times, hinting at a target of $123 — a level the token has never reached before.

Crypto analyst Javon Marks recently revisited XRP’s chart history, identifying similarities with its 2017 breakout. At that time, the digital asset emerged from a two-year consolidation phase formed by a pennant pattern and skyrocketed to over $2.10, propelled by momentum beyond the 2.618 Fibonacci extension.

During the previous rally, XRP registered significant moves marked by Fibonacci levels. It gained traction after breaching the $0.0364 level — aligned with the 1.00 Fibonacci marker — and continued climbing to $0.1726 at the 1.618 Fibonacci level. Following a short consolidation, XRP surged further to exceed $3, reaching the apex of its historical bull run during that cycle.

Marks pointed out that after that explosive run, XRP entered an extended period of sideways movement that lasted more than seven years. Now, according to his assessment, XRP has officially broken out again — this time from a longer-term pennant pattern formed in 2018. This recent breakout has already pushed XRP above $2, surpassing a critical Fibonacci threshold.

Despite this bullish momentum, XRP has recently cooled off and settled into a consolidation range. According to Marks, this phase closely mirrors the lull observed in 2017 before the second leg of the rally. If history does repeat itself, the next significant resistance sits around the 1.618 Fib level — now estimated at $9.63.

From there, Marks projects that XRP could ascend to the 2.618 Fibonacci extension level once again. For the current cycle, this point is expected to be near $123. If such a move unfolds, XRP’s price would surge more than 50 times its existing value — a historic milestone that would redefine the asset’s position in the broader crypto market.

This forecast would place XRP’s market capitalization near $7.2 trillion, assuming a circulating supply of 58.55 billion tokens. Such a valuation would not only surpass the current combined caps of Bitcoin and Ethereum but also exceed the entire existing cryptocurrency market capitalization.

While bullish projections often stir excitement, analysts have urged caution. Skeptics argue that markets evolve, and using a past fractal pattern as a blueprint may not yield accurate predictions. Some believe that high valuations such as $123 might be overly optimistic, especially given the broader market’s fluid and dynamic nature.

Critics of the $123 target argue that while XRP’s potential remains high, projecting a multi-trillion-dollar market cap is speculative. As noted in a separate market analysis, certain experts view projections of 300x or even 50x as unrealistic, suggesting instead that more conservative gains — such as a 10x increase — may be achievable within a more balanced outlook.

Despite differing views, the growing interest in XRP’s technical outlook and historical trends indicates that many investors are preparing for potential movement. Marks’s analysis has revived discussions about XRP’s long-term prospects and emphasized the crucial role that historical patterns may play in shaping expectations — even in a rapidly evolving market.

Related: Expert Advice: Sell XRP If You’re Confused

As sentiment fluctuates and new data emerges, XRP holders are advised to not only keep a close watch on technical indicators but also maintain realistic expectations. Proper risk management and timely profit-taking strategies are key to navigating both the bullish enthusiasm and the inherent volatility of the cryptocurrency market.