I watched a chart analysis of XRP earlier, and the perspective of a well-known analyst here is very intriguing. He said that the long-term structure points to $50 as a natural target, regardless of how volatile the market sentiment is right now. XRP is currently at $1.45 after a significant pullback from the $3.65 peak last year.

The analyst shared interesting historical data — during the previous cycle, XRP reached 3,500% gains from $0.11 to $3.65. Now, he suggests that the chart structure is consistent with this pattern, and the potential move toward $50 is around 3,700% from current levels. It’s somewhat aggressive, but the technical setup really aligns with the multi-year consolidation seen on the charts.

He also mentioned that realistic targets first are in the $28-$70 range based on higher timeframes. But before focusing on that, XRP needs to recover the $3 level, hold $4 strongly, and establish a structure above $10. The $50 target is in the sweet spot between previous projections and the historical cycle extension.

Many other analysts see a similar breakout structure from the 2024 triangle formation. The chart really indicates strength, despite recent weakness. Patience is needed as momentum builds for the next major move.