XRP’s Next Big Leap: Ripple’s Bullish Pattern Eyes $50 Target
Ripple’s XRP is painting a chart that could make traditional finance blush. A newly identified technical pattern suggests the embattled crypto might be gearing up for a moonshot—with $50 in its crosshairs.
Breaking the pattern down: XRP’s recent consolidation resembles historical setups that preceded parabolic runs. If history rhymes (as it often does in crypto), we could be staring at a rerun of 2017’s insanity—just with more institutional baggage this time.
The $50 question: While the pattern looks promising, remember this is crypto—where ‘promising’ sometimes means ‘prelude to a 40% dump.’ But hey, at least it’s more exciting than watching your bank’s 0.5% ‘high-yield’ savings account.
Ripple Eyes $50
Ripple (XRP) is now eyeing a new major price point of $50, as specified by Egrag Crypto, a noteworthy cryptocurrency analyst. The expert shared how XRP’s price chart has now started to portray an intriguing new trend. This trend often denotes how XRP has a habit of spiking high on the radar once it’s through with the significant consolidation phase. The expert stated that the token has already started to display a three-green-candle formation, which indicates a bullish formation.
Speaking more about the token’s price spike, Egrag Crypto shares how there are two possible scenarios in which XRP can hit $50.
In one of the historical trends, XRP has documented major price hikes once the token is through with its five-month consolidatory period. If this pattern repeats, the token may hit $10 in the NEAR future.
In another bullish scenario, XRP has noted a staggering 8000% spike once the asset has completed its consolidatory phase of 12 months. This particular narrative, if manifested in a true sense, may help Ripple surge to hit $50 in the process.
#XRP's 3 Candle Formation: $10 or Soar to $50?
Exploring candle formations offers profound insights into how prices move. #XRP's historical data highlights a fascinating trend: just twice has there been a sequence of 3 consecutive monthly Green Candles. Get ready—within the… pic.twitter.com/TcKVbR2pWo
Technical Analysis of the Token
As ambitious as Egrag Crypto’s prediction might be, per Flitpay, XRP may surge to sit at $50 by 2030.
