The post Top Analyst Says XRP to Hit $50 as There is Nothing You Can Do About it appeared on BitcoinEthereumNews.com.

Analyst Amonyx has reiterated his prediction that XRP will reach the lofty price of $50 this season, emphasizing that this projection is inevitable, regardless of what the skeptics think. In a recent post on X, Amonyx expressed this bold sentiment, emphasizing his belief that a “God” candle could propel XRP to unprecedented highs. XRP Path to Above $50 In his analysis, Amonyx outlined XRP’s path to $50. He first noted that the asset would quickly rally to above $10 at lightning speed. He believes this initial surge will set the stage for a more explosive run to above $50. “There is nothing you can do about it,” Amonyx declared. This latest forecast updates an earlier one in which he predicted that XRP could surge by over 11,700% to $57 within an eight-week window. He shared a weekly chart suggesting that massive green candles could appear for XRP, compensating for the prolonged period of painful consolidation. Notably, XRP has been in a downtrend for nearly seven years, during which it has dropped over 85% from its all-time high. Projections of a God candle reversing XRP’s losses are not new, and such analyses often suggest unprecedented price points beyond $10. Market Participants Disagree However, many market participants have grown increasingly skeptical about this prediction, as it has been made numerous times without coming to fruition. Reacting to Amonyx’s latest call for an aggressive XRP, X user Cuzzin Henry humorously remarked that the triangle had been stretched more than Pinocchio’s nose. Likewise, commenter Rodney Cowden noted that simply drawing a speculative line on a chart won’t make the market move as one might hope. Another commenter remarked that in 50 years, even if Bitcoin is no longer in use and the world has moved on to something else, XRP could still be in…

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Filed under: News - @ August 29, 2024 12:27 pm