- XRP price value is found close to $2.86 with major support at $2.65 which indicates strong resistance to the downward trend in a declining channel structure.
- An authentic break-out above $2.47 would trigger a 66 percent climb to the $4.80 target, according to an analyst Javon Marks.
- The number of recoveries out of support areas indicates the strength of XRP price and the possibility of a continued upward trend.
XRP price is poised to 66%, with analyst Javon Marks pointing out the breakout point of $2.47 to reach $4.80. The interest of the buyer is high around $2.65 and the major ceiling is at $3.40. An escape out of the falling channel would cause a sharp upward movement. As XRP trades at 2.86, the structure is a continuation in the direction of the bulls when the pressure increases.
XRP Price Action Reveals Setup for a Potential 66% Breakout Move
Analyst Javon Marks has emphasized that XRP price could sustain above the critical $2.47 level before targeting $4.80. His chart defines this threshold as the basis of a possible +66 percent rally, with a clear form of higher lows as the anchor of bullish power.
Its ability to withstand is remarkable, and previous consolidations at the same stage usually caused sharp upward shifts. Thus his analysis leads to sustained demand, in which buyers will always swallow corrections.
XRP presents a downward channel trend on a daily timeframe, which has been repeatedly tested as the price approaches the $2.86 level. The rebound at $2.65 implies strong defense at lower levels whereas the resistance at the overhead is at around 3.40.
When the price becomes no longer tied to this structure, it is estimated to reach the levels close to the price of $4.80, which reflects the view of the analyst. The actual size of previous swings also bears this opinion with a clue of extension when there is no barrier.
In addition, XRP has always responded through high recoveries in response to every retest of support levels. This pattern reinforces the argument that XRP price has the potential to blast off should the upward pressure continue.
The current market value of XRP at around $2.86 demonstrates that there is a balance between strong support and a breakout which is depicted by the setup.
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