XRP Nears Breakout Point with 1,200% Upside Potential

XRP's price has been steadily increasing over the past week, prompting technical analysts to take notice.

According to analyst Javon Marks, XRP is nearing a key breakout point, which could trigger a substantial continuation move if it breaks above certain resistance levels.

Marks highlighted a long-term bullish falling wedge pattern on XRP's chart and argued that the token has over 1,200% upside potential if it reaches its target price of $15 or higher.

However, not all analysts are optimistic about XRP's prospects. Analyst EGRAG CRYPTO emphasized the importance of the $1.05 level, warning that a break below this point could expose XRP to a move towards the psychologically important $1.00 liquidity zone.