I just saw CryptoBull's analysis about XRP and the chart structure that points to $50 as the next target. It's not just an ordinary target — he says the chart's very structure indicates it, regardless of how the market feels or if you have doubts.

The current price is only around $1.42 after a significant retracement from that $3.66 peak. But looking at the bigger picture, the technical setup clearly points to higher levels. The analyst rejects extreme predictions like $1,000 or $10,000, but the $28-$70 range can be seen on higher timeframes. $50 is in the middle of that range, making it technically sound.

But let's be realistic — before focusing on $50, XRP needs to recover the $3 level and hold it firmly. From there, the $4 and above becomes more achievable. The analyst himself pointed out that if a 3,500% move happened before $10 from $0.11 to $3.65(, then a 2,000-3,700% move in this cycle isn't impossible based on historical patterns.

The interesting part is the consolidation structure from 2024 — the triangle breakout remains technically valid even after several months. Some analysts like Javon Marks continue to maintain targets above $15, and Elliott Wave experts suggest the asset is likely to return to all-time high areas before consolidating properly.

So basically, the chart indicates that potential, but the journey there will have milestones. Patience and proper risk management are key as this structure unfolds.