XRP Price Prediction: Could It Reach $14 by Surpassing Bitcoin?

XRP

Crypto analyst Javon Marks forecasts that XRP could surge to $14, potentially outpacing Bitcoin by more than 600%. Marks has analyzed past trends where XRP has outperformed Bitcoin and believes a similar scenario may unfold in the near future. Despite a current downturn, factors such as growing demand for XRP ETFs and the upcoming v3.0.0 upgrade could serve as catalysts for this rise.

Key Takeaways

Analyst Javon Marks predicts XRP could reach $14, exceeding Bitcoin's price increase by 600%.
Historical trends indicate XRP has previously outperformed Bitcoin significantly.
Significant recent gains in XRP ETFs, accumulating $1 billion in assets, may drive XRP's price higher.
Indicators suggest a "decision point" for XRP, with critical resistance and support levels outlined by analyst CasiTrades.
Current XRP price is around $2.01, down 3% recently.

Bullish Outlook for XRP Price

In a recent post on X, crypto analyst Javon Marks expressed an optimistic view of XRP’s trajectory, estimating that the price has the potential to skyrocket to $14. He referenced a historical pattern where XRP has significantly outpaced Bitcoin, instilling confidence that this trend could repeat itself.

Marks stated that XRP is poised to rise over 600% compared to Bitcoin, which could set off a substantial rally. He highlighted a previous occurrence when XRP outperformed Bitcoin by more than 240% and saw its price increase by over 570%.

The analyst's accompanying chart suggests that this potential rally could occur between now and mid-2027, during which XRP is expected to surpass Bitcoin in performance. However, he did not specify what factors might trigger this anticipated price hike, especially given that XRP has closely mirrored Bitcoin’s movements in the current market.

XRP Chart
Source: Chart from Javon Marks on X

Currently, XRP has a year-to-date loss of just over 7%, while Bitcoin's loss stands just below 2%. Nevertheless, XRP is gaining bullish momentum, bolstered by the recent launch of spot ETFs in the market. These XRP ETFs have quickly amassed $1 billion in assets under management (AuM), marking them as the fastest crypto asset to achieve this milestone since Ethereum.

Ripple's CEO, Brad Garlinghouse, pointed out how this rapid growth in demand for XRP products could act as a catalyst for a price increase. Additionally, the anticipated v3.0.0 upgrade for the XRP Ledger might lead to higher adoption rates, enhancing the utility of XRP.

Current Market Conditions for XRP

Crypto analyst CasiTrades has remarked that XRP is currently at a critical decision point. She emphasized that for the bullish outlook to hold, XRP must break through the resistance level of $2.41 and aim for $2.65. Conversely, if the price falls below the support level of $2.04, it could lead to a drop towards $1.73, and possibly $1.64, the macro support level at .618.

CasiTrades cautioned that the price movements remain uncertain, with both bullish and bearish scenarios still relevant. She highlighted the importance of the $2.04 level as an optimal entry point for traders. This positioning allows for readiness in either scenario: if XRP holds above this level and begins to rise, traders would have entered early on. Alternatively, if a downturn occurs, they can set a stop-loss just below the support or at the break-even point.

As of now, XRP is trading around $2.01, reflecting a decrease of over 3% in the past 24 hours according to data from CoinMarketCap.

XRP Trading Chart
XRP trading at $2.01 on the 1D chart | Source: XRPUSDT on Tradingview.com