XRP to $50? Technical Analyst Lays Out the Roadmap

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XRP owners experienced a roller coaster ride last week while the cryptocurrency fought to stay above the level of $ 2. Altcoin, which recently exchanged hands at $ 2.13, dropped by almost 20% between 5 and 7 April, touching a minimum of five months of $ 1.78. However, the token soon regained its land with a 15% jump the next day, claiming the $ 2 region, even if it is still fighting to maintain this position.

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Market analyst not surprised by volatility

The technical analyst Cryptominder remains not surprised by the recent prices of prices, bravely declaring that it is purchasing XRP at today’s prices. Although some experts include levels between $ 12 and $ 15, Cryptominder has presented an ambitious $ 50 by 2030. This prediction is a huge climb of 2,330% from today’s levels about $ 2.06, with an annual growth of over 80% for the next half decade.

This growth rate is at hand, says the cryptominder, citing the appreciation of the price of 230% of XRP last year as proof. The analyst has reached the point of saying that market observers would have looked back to his call with recognition in the future.

Skeptics remember the previous missed opportunities

Investors aimed at the risk of cryptominder who are reluctant to buy at $ 2. He compared it with the same feeling during the period in which XRP costs only $ 0.09 in May 2017 and subsequently to $ 0.35. Both prices eventually made significant returns for investors they bought, said.

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

Price XRP increasing in the last seven days. Source: Corncko

Other analysts share similar optimism

The cryptominder is not only in being bullish. Following the reports, Amonyx said that last August XRP would beat $ 10 before hitting $ 50, stating “nobody could stop the momentum”. More recently, Edoardo Farina has ordered that the investors would have kicked for not having purchased if and when XRP hits $ 50, so far also giving a suggestion on the $ 100 potential.

Some market experts seem to support these estimates, providing for a high price of $ 48 per xrp by 2030, in the same way close to the estimate of the cryptominder. However, other analysts provide a more cautious time sequence, estimating that XRP will not reach $ 50 sign until 2033.

XRP market hat currently at $ 120 billion. Graphic: TradingView

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Price performance shows recent recovery efforts

The recent action of prices indicates that XRP makes efforts to stabilize following its strong decline. After having recently retired to $ 1.78, Altcoin was able to recover and go back $ 2, even if clinging to this level was not easy. The observers of the market emphasize that even with these challenges, bears still have to fully take control of the price action.

Based on prices graphics, XRP must set a stronger support superior to the psychological sign of $ 2 in order to obtain momentum towards any future expansion. The fact that the token managed to recover by 14.33% in a single day reflects the potential for sudden movements in both directions and illustrates the extremely volatile nature of the cryptocurrency markets.

First floor image from Shutterstock, TradingView chart

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