Ripple’s XRP Price Surge: An 86% Breakout Possible?

The momentum behind Ripple’s XRP exchange-traded fund (ETF) applications is fueling a significant price increase for the third-largest cryptocurrency. This optimism stems from observed bullish divergence in market activity, with analyst Javon Marks suggesting that this signal may indicate a substantial price move upwards. He adds that an upward trend could be a consequence of the ‘post-breakout’ pattern displayed by XRP prices so far. Meanwhile, technical indicators such as the stochastic oscillator or RSI show higher lows despite the asset experiencing lower lows in price. This divergence is viewed as a positive sign for XRP, suggesting potential bullish momentum. 86% price increase has been predicted by Ali Martinez, renowned market analyst. He cites an upcoming breakout from an ascending triangle pattern which could trigger this significant surge.