XRP Holds As Top Analyst Predicts $50 Cycle



Despite crypto market selling pressure and anxiety, XRP is above a critical support level. After a 20% retrace since August 24, the price stays above $0.50, giving investors and experts optimism. This key support level may suggest persistence in a negative market.


XRP Next Move Could Shock Market

XRP is one of the most controversial cryptocurrencies due to the ongoing SEC lawsuit, its unpredictable price action over the past few years, and optimistic predictions from investors and traders that it remains undervalued.


Amonyx, a famous analyst, just published a technical analysis on X, predicting a $50–$57 market cycle price objective. His figure shows two exponential bands that predict long-term price levels.


Amonyx's prognosis is one of several bullish ones. Despite regulatory uncertainty and market circumstances, these estimates imply that some traders and investors see Ripple as a viable asset with tremendous growth potential. These findings suggest that market players may position themselves ahead of a breakout during the consolidation period and support levels.


Despite crypto market volatility and uncertainty, such bullish expectations suggest XRP might yield significant gains. Regardless of these projections, Ripple remains a hot topic for crypto investors seeking big returns.


XRP Technical Details

After falling from local highs, XRP is now $0.5225. The cryptocurrency is below the daily 200 MA at $0.55, a critical support level lost on Thursday.


Bulls have optimism since the price is still over $0.50. Reclaiming the daily 200 MA and breaking the $0.65 local high will restore momentum. This might signify a bullish change, allowing for more increases.


Should XRP fall $0.50 support, watch $0.48. Falling below this mark might deepen the negative attitude. Bulls must hold the price above $0.50 to rebound, while bears will watch these levels for more decline.

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