XRP Price News: If the backtesting range is maintained, both charts indicate $50
Coinpedia
1h ago
Ai Focus
Market analysts Gert, van, and Lagen propose a long-term scenario for XRP based on two charts: if XRP stabilizes within the backtesting period, the price could eventually rise to around $50. One of the charts, a monthly XRP / USD, shows that XRP fell back to the original resistance area after breaking through the upper edge of a large symmetrical triangle; another chart XRP comparing it to Bitcoin indicates that if this ratio rises to 0.00011 and Bitcoin reaches $450,000, the price for XRP would be approximately $49.50.
Helpful
No.Help

Market analysts Gert, van, and Lagen have outlined a long-term scenario for XRP to approach $50 based on two charts.

On the monthly charts of XRP / USD that can be traced back to 2014, XRP was traded at around $1.50 on October 6th. He pointed out that a large symmetrical triangle was formed on the chart, with its upper edge ranging from around $2.00 to $2.10, and the lower edge being an upward trend line that extended from the low point in 2020.

He stated that XRP broke through this upper limit between 2024 and 2025, reaching above $3 before falling back to the same range. According to his model, if XRP can maintain this range, it could ultimately support the price to rise to $50, which would bring the market value of XRP close to $3 trillion.

The second chart tracks the performance of XRP relative to Bitcoin. According to his calculations, if this ratio rises back to 0.00011 and the price of Bitcoin reaches $450,000, then the price of XRP would be approximately $49.50, which is close to its target price denominated in US dollars.

Investment Disclaimer:All views and opinions expressed in this text represent solely the author's perspective on the current market conditions. Before making any investment decisions, please conduct your own research. Neither the author nor the publishing platform assumes any responsibility for your financial choices.

Tip
$0
Like
0
Save
0
Views 25
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
News suggests Tencent is considering issuing $5 billion in bonds to increase investment in AI
According to Bloomberg, which cited people familiar with the matter, Tencent is considering issuing offshore bonds with a financing scale of up to $5 billion. The bonds may be denominated in US dollars and offshore RMB, and could be issued as early as this month. The report also states that in June of this year, Tencent raised nearly $4.7 billion by issuing long-term US dollar and RMB bonds. The funds will mainly be used for debt refinancing and general corporate purposes, including the development of AI products and services.
The Block
·2026-10-08 20:22:05
8
Innovative Eyewear Launches Lucyd Aero
Innovative Eyewear announces the launch of the Lucyd Aero smart glasses series, claiming that they are lighter in weight and have a design more similar to regular glasses. They also offer features such as AI, calling, and translation, with a starting price of $149.
PR Newswire
·2026-10-08 20:22:04
7
NVIDIA-backed Firmus reduces the valuation of IPO by 25% before its listing in Australia
Firmus, supported by NVIDIA and Blackstone, reduces the valuation of IPO by 25% before its listing in Australia. Reports indicate that investors' concerns mainly focus on the fact that the rate of valuation growth is much faster than the current scale of operational infrastructure, reflecting a cautious attitude of the public market towards the future capacity pricing of AI data centers.
Coinpaper
·2026-10-08 20:22:02
8
Firmus IPO demand cools down, AI data center listing boom may reach a crossroads
The IPO of Australian data center company Firmus Grid has seen a cooling in subscriptions. According to Bloomberg, the company failed to secure sufficient subscriptions at its target price of A$11 per share, putting pressure on its original target valuation of nearly $30 billion. Market participants and institutional investors have expressed concerns regarding its high valuation, limited operational scale, continuous reliance on financing, and the tightening of the industry's financing environment.
Wallstreetcn
·2026-10-08 20:22:01
9
Vesta raises $30 million to introduce AI agents into mortgage lending institutions
AI Native software startup Vesta announces $30 million in financing, led by Conversion Capital, with participation from clients such as Pennymac and New American Funding, as well as Citi Ventures and Andreessen Horowitz. The company claims that its AI agent can automate the mortgage loan issuance process, helping lending institutions to save time and reduce costs.
TechCrunch
·2026-10-08 20:11:59
17
View More