XRP Set for 220% Surge to $9.63 as Institutional Flows Rise
XRP is trading near $2.95, down 2.5% over 24 hours with $6.4 billion in daily turnover. After Federal Reserve Chair Jerome Powell’s dovish remarks at Jackson Hole, XRP briefly topped $3.10. Crypto analyst Javon Marks points to a long-term symmetrical triangle breakout and the 1.618 Fibonacci extension as drivers for a 220% rally to $9.63, while the 2.618 level stretches beyond $123. Ripple’s recent court victory over the SEC has clarified XRP’s regulatory status, unlocking strong institutional inflows. Analysts now see intermediate targets between $5 and $9, with some forecasting up to $25 this cycle. Despite increased token supply, XRP’s market cap exceeds its 2018 peak by 41%. A convergence of technical setups, institutional buying and dovish macro signals underpins a bullish outlook for both short-term gains and a potential extended rally.
Bullish
The article highlights technical and fundamental drivers behind XRP’s projected rise, including a symmetrical triangle breakout pattern, Fibonacci extension targets and strong institutional inflows following Ripple’s SEC court victory. Historically, similar technical setups in 2017 led to a sharp rally, and dovish Fed signals have renewed buying interest. The clarified regulatory status has unlocked institutional capital, potentially sustaining upward momentum. Short-term traders may target intermediate resistance at $5–$9, while long-term holders could aim for the $9.63 level and beyond. This convergence of favorable technical indicators, macro conditions and institutional demand underpins a bullish market outlook for XRP.