XRP Rises to 50 USD? Technical Analyst Outlines Roadmap
XRP holders experienced a rollercoaster ride last week as the cryptocurrency struggled to maintain above the $2 mark. The altcoin, recently trading at $2.13, fell nearly 20% during the period from April 5 to April 7, hitting a five-month low of $1.78. However, the token soon regained its footing with a 15% increase the following day, reclaiming the $2 zone - although it is still struggling to maintain this position. The market analyst remains unshaken by the volatility. Technical analyst Cryptominder remains unfazed by recent price fluctuations, boldly stating that he is buying XRP at the current price. Although some experts predict the price will range from 12 to 15 dollars, Cryptominder has set an ambitious target of 50 dollars by 2030. This prediction represents a surge of 2,330% from the current price of about 2.06 dollars, with an annual growth rate of over 80% in the next half-decade. Cryptominder indicates that this growth rate is within reach, citing the 230% price increase of XRP last year as evidence. The analyst also stated that market observers will look back at his call with acknowledgment in the future.
Skeptics are reminded of the opportunities they missed in the past. Cryptominder targets risk-averse investors who do not want to buy at a price of 2 dollars. He compares this mindset to the time when XRP was only priced at 0.09 dollars in May 2017, and then at 0.35 dollars. He asserts that both of these final price levels provided significant profits for investors who bought in. The analyst points out his own buying experience at these lower levels and indicates that the current 2 dollar level could provide similar expansion potential. This pattern in the past was the foundation for his lofty target of 50 dollars.
Other analysts share similar optimism Cryptominder is not the only one optimistic. After reports, Amonyx stated last August that XRP would surpass $10 before reaching $50, claiming that “no one can stop the upward momentum.” More recently, Edoardo Farina hinted that investors will blame themselves for not buying if and when XRP reaches $50, even suggesting the possibility of reaching $100 so far.
Some market experts seem to support these estimates, predicting a high price of 48 dollars for XRP by 2030 - quite similar to Cryptominder’s estimate. However, other analysts provide a more cautious timeline, estimating that XRP will not reach the 50 dollar mark until 2033. Price performance indicates recent recovery efforts. Recent price movements indicate that XRP is striving to stabilize after a significant fall. After dropping to a level of 1.78 dollars recently, this altcoin has managed to recover and rise back above the 2 dollars mark, although maintaining this level is not easy. Market observers point out that even with these challenges, sellers have not yet completely taken control of the price movements. Based on the price chart, XRP must establish a stronger support level than the psychological $2 mark to gain momentum toward any future expansion. The fact that this token has recovered 14.33% in just one day reflects the potential for sudden volatility in both directions and illustrates the extremely volatile nature of the cryptocurrency market.