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    Bytecore News
    Home»Uncategorized»Pundit Flags The Retest That Will Trigger It
    Uncategorized

    Pundit Flags The Retest That Will Trigger It

    April 27, 20263 Mins Read
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    kraken


    The XRP price is still consolidating around the $1.4 level after months of sideways trading. Despite this weak performance and slow growth, analysts continue to maintain a strong bullish outlook for the cryptocurrency. According to market expert Javon Marks, XRP is now at a critical retest area that could determine its next parabolic move. He believes this retest could act as the trigger for a potential 900% rally, possibly pushing XRP toward $15.

    XRP 2014 Fractal Pattern Points To 900% Rally

    In his latest XRP price analysis on X, Marks shared a strong bullish outlook for the cryptocurrency, citing historical chart patterns and past price action. The analyst noted that XRP has been maintaining strength off a clear breakout retest area around $1.40, suggesting a major upward move toward $15 could follow. 

    Related Reading

    Explaining why this retest zone matters, Marks drew comparisons between XRP’s current cycle and its price action during the 2014-2018 market cycle. Before XRP’s parabolic rally to an all-time high in 2018, the cryptocurrency had broken out of a similar retest zone. 

    frase
    XRP price
    Source: X

    During that period, XRP formed a descending wedge or triangle pattern from 2014 to 2017, trading sideways within the formation for years. Throughout that phase, the cryptocurrency saw repeated upward surges followed by sharp pullbacks to new lows. However, after a prolonged consolidation period, the price began to move higher and later returned to retest the trendline around the triangle’s upper boundary near $1.40. 

    That retest preceded a major breakout, with XRP’s price exploding upward, marking the start of its historical 2017-2018 bull run that pushed its price toward its $3.84 ATH. From that retest area to its peak, XRP recorded a more than 174% gain. Building on this historical setup, Marks believes that XRP is repeating that same pattern in the current cycle. If the formation plays out similarly, the analyst predicts that the cryptocurrency could be setting up for another explosive rally.  

    XRP Retest At $1.40 Signals Possible Move To $15

    Notably, Marks’ chart shows that XRP has formed the same triangle pattern that led to its parabolic rally in 2018. Since reaching its ATH, the cryptocurrency has traded sideways within that triangle for years. However, unlike the 2014-2018 cycle, XRP had experienced an earlier breakout from the pattern. It broke above the upper trendline in 2025, then surged toward $3.5 before pulling back soon after. 

    Related Reading

    Following that reversal, the XRP price has continued trending downwards, trimming most of its past gains. However, Marks noted that the cryptocurrency is now returning to retest this broken trendline. According to him, if XRP can hold this level long enough, it could spark a massive parabolic move toward $15, representing a more than 900% (10x) rally from that level. 

    XRP price chart from Tradingview.com
    Price crashes again | Source: XRPUSDT on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com



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