XRP Price Alert: Rare Bullish Candle Formation Sparks $50 Rally Predictions for Ripple
XRP bulls are charging—again. A rare candlestick pattern flashes green, and suddenly everyone's a crypto Nostradamus predicting a moonshot to $50. Because nothing says 'sound investment strategy' like reading tea leaves in price charts.
The Technical Case for XRP's Ascent
Forget fundamentals—this rally runs on hopium and a textbook-perfect bullish reversal pattern. The same one that last appeared before XRP's 2017 parabola. Traders are already positioning for a repeat, liquidity be damned.
The $50 Delusion?
Sure, hitting $50 would mean a market cap surpassing Bitcoin's ATH. But in crypto math, 2+2= moon. Just don't ask about SEC lawsuits or actual adoption metrics. Price goes up until it doesn't—the trader's mantra.
One hedge fund manager yawns: 'We've seen this movie before. The candle's pretty, but show me the institutional buy orders.' Meanwhile, retail FOMO builds like a leveraged long on margin.
The combination of price action, historical patterns, and growing institutional interest is fueling speculation that the xrp price could be on track for a major breakout—with targets as high as $50.
XRP Price Climbs Amid Market Rebound
The XRP price today sits around $2.84, marking over 5% gain in the past 24 hours. The token recently touched $2.90—its highest level since March—before retreating slightly. Over the past week, XRP has gained more than 23%, signaling renewed bullish momentum in the market.
Ripple (XRP) was trading at around $2.849, up 5.64% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Although the broader crypto landscape is still awaiting a confirmed “altcoin season,” XRP has managed to outperform many peers. Out of the top 100 non-stablecoin assets, only 28 have outpaced Bitcoin over the last 90 days. Despite that, XRP’s performance stands out, driven by technical indicators and long-term bullish sentiment.
Rare Candle Formation Signals Long-Term Bullish Potential
One of the most compelling catalysts behind the latest XRP price prediction is a rare three-candle formation on the monthly chart. Market analyst EGRAG Crypto, who initially identified the pattern back in late 2023, believes this structure could precede a dramatic price rally.
XRP has maintained long-term targets of $10 and $50 since the $0.60 level, reflecting strong conviction among early XRP supporters. Source: EGRAG crypto via X
This formation consists of three consecutive bullish monthly candles, which historically have been followed by consolidation phases and then explosive gains. The first such instance in XRP’s history led to an 8,000% rally in 2017. The second instance resulted in a 1,506% surge by January 2018.
According to EGRAG, the latest pattern—confirmed in late 2023—suggested a period of 12-month consolidation, which has now concluded. He projects that this could lead to a breakout that potentially pushes XRP to $50, with more moderate targets around $10 and $27 also in play.
“XRP OGs have stayed consistent with their targets, even when the market was against them,” EGRAG noted, reaffirming his belief in the long-term bullish structure.
Analysts Eye $4 in the Short Term
While long-term projections remain ambitious, near-term traders are watching $4 as the next key resistance level. Crypto educator Edoardo Farina stated that seeing XRP above $4 “as early as this week” wouldn’t be surprising. That WOULD mark a 50% increase from current levels and surpass XRP’s all-time high of $3.85 from January 2018.
XRP could surge past $4 unexpectedly this week, catching many off guard. Source: Edo Farina via X
The move could be fueled by a rapid influx of buying pressure, particularly if investor sentiment shifts from cautious Optimism to full-blown FOMO.
Institutional Developments Support the Bull Case
Recent developments on the institutional front further support the bullish Ripple price prediction. Ripple Labs has expanded its partnerships, notably teaming up with BNY Mellon to provide custody services for its RLUSD stablecoin, which now ranks among the top 10 by market cap. This partnership aims to attract institutional players seeking exposure to the XRP Ledger and its ecosystem.
Moreover, XRP-based ETFs are beginning to take shape. Futures products from ProShares and others launched in July, and the SEC is currently reviewing over 10 spot-XRP ETF applications. If even one of these gets approved, analysts believe it could significantly boost both demand and price.
Market Outlook: Bullish But Cautious
Despite growing momentum, XRP is not without risks. The ongoing Ripple vs. SEC lawsuit continues to cast uncertainty over the token’s regulatory future. Although several rulings have favored Ripple, any unexpected legal twist could introduce volatility.
XRP has completed a Wave 4 Elliott formation and entered Wave 5, with a potential target of $5–$6, though caution is advised due to possible short-lived momentum. Source: mptrading74675 on TradingView
Still, technical indicators remain bullish. The Fear & Greed Index is firmly in “Greed” territory at 74, and XRP has posted 18 green days in the last 30, with average swings of nearly 7%.
Short-term XRP predictions suggest a modest dip to around $2.75 by August 12, though this may be part of a healthy correction within a larger upward trend.
Final Thoughts: Will XRP Go Up to $50?
With bullish technical patterns, strong weekly performance, and increasing institutional interest, XRP coin price is gaining momentum both in the short and long term. The combination of historical candle formations, ETF developments, and Ripple’s expanding ecosystem are aligning in a way that has many traders optimistic.
While a 1,966% rally to $50 may sound ambitious, past XRP cycles have delivered similar returns under the right conditions. Whether XRP hits $4 this week or $50 down the line, the XRP crypto market appears to be entering a pivotal phase.
For now, investors are watching closely, as XRP news today continues to dominate headlines across both retail and institutional circles.
