Technical market analyst Javon Marks has shared a new price projection for XRP, stating that the cryptocurrency is positioned for a potential 44% increase. According to a chart posted by the analyst on social platform X, the token is holding above the $2.47 mark. This level now acts as a support line after a confirmed breakout.
Marks stated that, “$XRP maintaining well above the $2.47 target and this means that the current target is at $4.804!”
This projection is based on long-term trend analysis and volume data. The price structure also indicates a precise upward movement with momentum that could drive the token to the next technical level.
XRP Price Action Suggests Breakout Continuation
Marks’s chart spans 2018 through 2025. It shows a significant historical correction followed by a breakout pattern and rising volume. Fast-forward to the present, and Marks has identified the $2.47 level—previously a major resistance point—as a new support zone, indicating strength and renewed buying interest.
XRP Price Chart (Source: X Post)
With this support confirmed, the chart shows that the token could continue its upward trajectory toward the $4.804 target in the medium term. In case the altcoin manages to surpass this mark, the next target will be at $7.138.
Based on prior resistance points and trend extension, this would represent a continued move from the current structure. However, the path to this level depends on XRP’s ability to maintain upward pressure and exceed the short-term price zone.
XRP On-Chain Metrics Signal More Upside Ahead
On-chain metrics further support this bullish outlook. The Hyperliquid Liquidation Map shows a significant amount of short liquidations within the vicinity of the $4.37 mark and little to no resistance against it. This arrangement indicates that a rally to this point may result in forced repurchases of around 3.38 million XRP, which will likely result in a quick short squeeze.
XRP Hyperliquid Liquidation Map (Source: CoinGlass)
Already gaining traction, a break above the $4.37 mark might act as the catalyst to a parabolic run-up to Javon Marks’s secondary target of the $7.138 level. Meanwhile, the XRP OI-weighted funding rate is positive at 0.0111%, indicating a long-dominated market that is not experiencing any overheating.
XRP OI-Weighted Funding Rate (Source: CoinGlass)
This balanced funding scenario is often seen before strong continuation moves, as sentiment remains optimistic but not euphoric. If the cryptocurrency maintains this strength, it’s well-positioned to test $4.80—and possibly beyond.
