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XRP’s recent pullback may have been a routine retest rather than the start of a correction, according to market analyst Javon Marks. The analyst maintains that the asset’s long-term trajectory still supports a potential move toward $15.
Marks argues that XRP recently rebounded after revisiting a previously significant resistance trend line, which could now act as structural support. If that level continues to hold, the asset may resume its broader breakout pattern and advance toward a measured move target above $15. The projected level is over 872% above current prices, reflecting the magnitude of the bullish scenario he outlined earlier this year.
CoinMarketCap data shows XRP trading at $1.42, up 4.62% over the past 24 hours. The move has largely tracked a wider cryptocurrency rally fueled by improving macro sentiment. That said, hopes of potential Iran-United States peace talks, alongside supportive commentary from the Federal Reserve, have encouraged risk appetite across financial markets.
In the near term, technical levels are critical. Analysts suggest a move toward the $1.50 resistance zone is likely if XRP holds above $1.40. Also, a break below that level could trigger a retreat toward $1.27 support. Meanwhile, traders are monitoring the Federal Reserve’s Beige Book release later today for clues about broader market direction.
Despite the recent bounce, sentiment around XRP is mixed. The asset is still battling resistance near key moving averages, and many market participants view $2.04 as the threshold that would confirm stronger bullish conviction. Until XRP reclaims that level, price action may remain range-bound and sensitive to macro developments and regulatory clarity.
Altcoin cycle outlook gains traction
Meanwhile, broader altcoin sentiment is shifting as well. Mark Chadwick points to historically low social media mentions of “altseason,” which have often preceded strong rallies.
At the same time, improving economic indicators such as consecutive months of ISM manufacturing expansion and a bullish crossover in altcoins relative to Bitcoin have fueled speculation that the market cycle may be entering its next phase.
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Source: https://zycrypto.com/wen-15-xrp-price-recent-move-primes-xrp-for-unexpected-flight-as-analysts-target-remains/
