The post XRP Poised for 1,500% Rally? Analyst Targets $30–$50 appeared on BitcoinEthereumNews.com.

XRP price has held firm above $1.90 for over eight months, signalling strong market support amid a possible breakout. Ripple’s push for a banking charter and speculation in ETFs has boosted investor confidence in XRP’s long-term potential. XRP continues to draw investor attention as it maintains a steady position above its previous local support of $1.90. With the asset consolidating for over eight months and new institutional moves surfacing, market watchers are beginning to anticipate a major breakout. Experts believe the stage may be set for a significant rally, possibly pushing XRP’s price as high as $30–$50 during the next market cycle. XRP Maintains Strong Support  According to reports, XRP price has remained above its previous monthly low of $1.90 for over eight months. This indicates strong support, despite the broader market’s uneven pace. This sustained price level follows a sharp upward move from $0.50 to $3.60.  As of writing, Marketcap data pegged the price of the coin at $2.22, up 0.67% in 24 hours. It is worth mentioning that since that rally, XRP has been trading within a narrow band. This suggests consolidation rather than decline. Market analysts view this as a potential precursor to the next leg of growth. Technical analyst CrediBULL Crypto views this price movement as part of an Elliott Wave structure.  Image Source: CrediBULL Crypto According to the model, the current sideways range is classified as Wave (ii), following an earlier Wave (i) impulse. If the pattern holds, XRP could be preparing for Wave (iii), often the most aggressive phase in the cycle. This leg could take prices to between $8 and $12. A final rally in Wave (v) is projected to reach around $32, possibly by 2026. The pattern has attracted attention because XRP, unlike many altcoins, has not faced a deep correction over…

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Filed under: News - @ July 6, 2025 7:17 am