XRP at $ 50? The technical analyst presents the roadmap

by Barry Solano
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The owners of XRP experienced a roller coaster round last week when the cryptocurrency fought to stay above $ 2. Altcoin, which recently exchanged hands at $ 2.13, dropped almost 20% between April 5 and 7, reaching a five -month $ 1.78. However, the token quickly found its ground with a jump of 15% the next day, recovering the region of $ 2 – although it still has trouble maintaining this position.

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Flawless market analyst by volatility

The Cryptominder technical analyst remains imperturbable by recent price fluctuations, boldly declaring that he buys XRP at today’s prices. Although some experts provide levels between $ 12 and $ 15, Cryptominder has shown an ambitious goal of $ 50 by 2030. This prediction is an increase of 2,330% of today’s levels around $ 2.06, with annual growth of more than 80% for the next half-decade.

This growth rate is at hand, explains Cryptominder, citing the assessment of prices of 230% last year as proof. The analyst went so far as to say that market observers would return to his call recognition in the future.

The skeptics recalled previous missed opportunities

Cryptominder targeted investors opposed to risk who hesitate to buy at $ 2. He compared it to the same feeling during the time when XRP cost only $ 0.09 in May 2017, then at $ 0.35. The two prices finally made major returns for investors who bought, he said.

The analyst underlined his own shopping experience at these lower levels and indicated that the current $ 2 level could provide a similar expansion potential. This model in the past is the basis of its high objective of $ 50.

The XRP price has increased in the last seven days. Source: Co Ringecko

Other analysts share similar optimism

Cryptominder is not the only one to be optimistic. Following reports, Amonyx said that the XRP last August would beat $ 10 before hitting $ 50, declaring: “No one could stop the momentum”. More recently, Edoardo Farina has suggested that investors would boot so as not to buy if and when XRP reaches $ 50, so far, even by making a suggestion on the potential at $ 100.

Some market experts seem to support these estimates, predicting a high price of $ 48 for XRP by 2030 – just as close to the Cryptominder estimate. However, other analysts provide a more prudent calendar, believing that XRP will not reach the $ 50 mark before 2033.

The XRP market capitalization currently at 120 billion dollars. Chart: Tradingview

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Price performance shows recent recovery efforts

The recent price action indicates that XRP makes efforts to stabilize after its sharp decline. After recently withdrew to $ 1.78, the Altcoin was able to recover and return above $ 2, although the maintenance of this level was not easy. Market observers point out that even with these challenges, bears must still take charge of the Price action.

Based on price graphics, XRP must establish higher support higher than the psychological brand of $ 2 in order to take momentum to any future expansion. The fact that the token managed to bounce 14.33% in a single day reflects the sudden movements of movements in both directions and illustrates the extremely volatile nature of the cryptocurrency markets.

Shutterstock star image, tradingview graphic



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