Ripple (XRP) is one of the most sought-after cryptocurrency tokens to exist in the space today. The token is exploring new price horizons as markets have now returned to their prime, adapting to major price moves. XRP is currently up 6% in the last 24 hours. But a new candle formation on XRP’s chart is now showing a major price breakout of the asset to $50. What are the odds of the token exploring this massive high? Let’s break it down.
Also Read: What’s Stopping Ripple (XRP) From Reaching $100?
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.
“#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.”
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.
“A) 5 Months Consolidation:After a 5-month consolidation phase, a staggering 1500% surge ensued. If history repeats itself, brace for a potential surge to $10 from the current price position for #XRP starting the 1st of April 2024.”
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.
“B) 12 Months Consolidation: In another instance, a 12-month consolidation preceded an incredible 8000% spike. Should history mirror this scenario, #XRP might skyrocket to $50 from its current standing start on the 1st of November 2024.”
#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
— EGRAG CRYPTO (@egragcrypto) November 30, 2023
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.
“However, the currency’s centralized nature may impact its upcoming price trajectory and demand. Pondering all these possibilities and factors, our XRP price prediction for 2030 is $50 (maximum), $35 (minimum), and $43 (average).”
Also Read: Here’s What We Actually Learned From XRP Price Predictions in 2025
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