NewsBTC
18 April 2025
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XRP Price Recovers Above $2 Amid Analyst’s $50 Target by 2030

XRP faced significant volatility last week, fluctuating around the $2 mark. The cryptocurrency dropped nearly 20% from April 5 to 7, reaching a five-month low of $1.78 before rebounding with a 15% increase to approximately $2.06.

Market Analyst's Predictions

  • Technical analyst Cryptominder advocates buying XRP at current prices.
  • He predicts a potential rise to $50 by 2030, implying a 2,330% increase from current values.
  • This forecast suggests an annual growth rate exceeding 80% over the next five years.
  • Cryptominder cites last year's 230% appreciation as evidence of possible future gains.

Historical Context

  • Cryptominder addresses investors hesitant to buy at $2, comparing it to past opportunities when XRP was priced at $0.09 and $0.35.
  • He suggests that the current level may present similar growth potential.

Broader Market Sentiment

  • Amonyx forecasts XRP will exceed $10 before hitting $50.
  • Edoardo Farina warns investors may regret not buying at current levels if XRP reaches $50 or even $100.
  • Some analysts predict XRP could hit $48 by 2030, while others estimate a later timeline for reaching $50 by 2033.

Price Recovery Insights

  • XRP has shown efforts to stabilize after a steep decline, recovering above $2 but struggling to maintain this level.
  • The token's recent bounce of 14.33% in one day highlights the market's volatility.
  • Stronger support above the $2 mark is needed for further price momentum.