Ripple Price News: XRP Bulls Target $50 in Long-Term Rally Backed by Rare Candle Formation
The post Ripple Price News: XRP Bulls Target $50 in Long-Term Rally Backed by Rare Candle Formation appeared on BitcoinEthereumNews.com. XRP is capturing market attention once again, with analysts and investors zeroing in on a rare technical signal and a fresh surge in momentum. 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…
The post Ripple Price News: XRP Bulls Target $50 in Long-Term Rally Backed by Rare Candle Formation appeared on BitcoinEthereumNews.com.
XRP is capturing market attention once again, with analysts and investors zeroing in on a rare technical signal and a fresh surge in momentum. 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…
What's Your Reaction?
