I recently saw that analysts are talking about an XRP target of $50, and this is said to be based on a long-term chart structure. XRP is currently moving around $1.38 after a big pullback last month, but the technical signals pointing to higher levels are still being discussed about where it might go.

A well-known analyst, CryptoBull, said the chart clearly points to $50 as a natural extension of the long-term structure. It’s not just a random number—he sees it in the multi-year consolidation pattern and a new breakout attempt that starts in 2024. He said, setting personal feelings aside, the chart is simply speaking to $50. He dismisses extreme predictions of $1,000 or $10,000, and instead focuses on a more realistic range of $28-$70 based on higher timeframes.

To understand why this is feasible, just look at XRP’s history. Back then, it rose by 3,500% from $0.11 to $3.65. From the current level of $1.38, $50 would show an over 3,600% move—actually even closer to the magnitude of the previous cycle. The $28 level is more conservative, bringing the market cap to around $1.7 trillion.

But let’s be realistic—before this becomes a reality, XRP first needs to recover $3 and establish strong support at $4. These are the key levels that must be broken properly. After that, $10 will become an important milestone before seriously discussing $50. Patience and proper structure building are needed here, not just wishful thinking.