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Rocket Pool price prediction 2024-2030: Is RPL a good investment?

Key takeaways

  • Rocket Pool price prediction for 2024 could reach a maximum value of $19.62.
  • By 2027, RPL could reach a maximum price of $41.14.
  • In 2030, RPL will range between $60.41 to $66.91.

Unlike traditional staking services, Rocket Pool allows users to pool their Ethereum (ETH) to run validator nodes on the Ethereum network. Thus, participants can participate in the staking process without requiring the full 32 ETH to run a validator node.

Furthermore, Rocket Pool introduces the concept of “rETH” tokens, issued to users who stake ETH in the Rocket Pool network. These rETH tokens represent users’ stake in the pool and can be traded or transferred independently of the underlying ETH, providing liquidity and flexibility to participants.

Overall, Rocket Pool aims to democratize Ethereum staking and contribute to the decentralization of the Ethereum network by providing a secure, efficient, and accessible platform for staking participation. As DeFi continues to gain traction, Rocket Pool stands out as a pioneering project at the forefront of innovation in the cryptocurrency ecosystem.

What can traders and investors expect in the coming months and years? Can Rocket Pool’s price reach $50?

Overview

CryptocurrencyRocket Pool
TokenRPL
Price$8.79
Market Cap$183.07M
Trading Volume$10.68M
Circulating Supply20.83M RPL
All-time High Date$154.73 on Nov 15, 2021
All-time Low Date$0.09118 on May 17, 2019
24-hour High$9.19
24-hour Low$8.56

Rocket Pool technical analysis

MetricValue
Price Prediction$ 36.48 (315.25%)
Volatility5.91%
50-day SMA$ 10.72
14-Day RSI32.02
SentimentBearish
Fear & Greed Index69 (Greed)
Green Days15/30 (50%)
200-Day SMA$ 16.29

Rocket Pool price analysis

Rocket Pool price analysis 1-day chart

RPL/USD 1-Day price chart, Source: TradingView

On November 05, the 1-day chart for Rocket Pool (RPL) shows the price at $8.76, with a decline of 2.23% in the last trading session. The chart indicates the price moving within Bollinger Bands, with the upper band at $12.45 and the lower band at $8.78. The price is near the lower Bollinger Band, suggesting oversold conditions. The RSI value stands at 31.64. This positioning implies a potential rebound if the price finds support at the lower band. However, bearish momentum could persist if selling pressure continues.

RPL/USD 4-hour price chart analysis

RPL/USD 4-hours price chart, Source: TradingView

The 4-hour chart for Rocket Pool (RPL), priced at $8.76, shows slight bearish pressure with a 0.68% decline in the last interval. The Balance of Power (BoP) indicator registers at -0.52, indicating sellers’ dominance in recent sessions. The MACD line sits at -0.33, and the signal line is close at -0.35, suggesting bearish momentum but with signs of possible convergence. The histogram shows decreasing bearish momentum, hinting at potential stabilization or a minor reversal. Although the price is trending low, watch for MACD crossovers or reduced selling pressure in the BoP for a potential recovery signal.

RPL technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 3$ 9.79SELL
SMA 5$ 9.88SELL
SMA 10$ 10.05SELL
SMA 21$ 10.84SELL
SMA 50$ 10.72SELL
SMA 100$ 11.31SELL
SMA 200 $ 16.29SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 3$ 10.73SELL
EMA 5$ 10.86SELL
EMA 10$ 10.86SELL
EMA 21$ 10.79SELL
EMA 50$ 11.13SELL
EMA 100$ 12.85SELL
EMA 200$ 16.49SELL

What can you expect from RPL price analysis next?

Based on the 1-day and 4-hour Rocket Pool (RPL) charts, the price at $8.76 shows a bearish trend but hints at potential stabilization. On the daily chart, the RSI hovers near oversold at 31.64, suggesting the possibility of a rebound if buying interest strengthens. In the 4-hour chart, the MACD line is converging with the signal line, while the Balance of Power remains negative at -0.52, signaling continued selling pressure. If this convergence leads to a bullish crossover, RPL may see a short-term uptick. However, further downward pressure is likely unless significant support emerges.

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Is Rocket Pool a good investment?

Rocket Pool is a considerable investment for those interested in decentralized Ethereum staking. It simplifies entry by reducing the infrastructure requirements for node operators. As a pioneering decentralized staking protocol, Rocket Pool benefits from its established position within the Ethereum ecosystem. The utility and demand for the RPL token are driven by its critical role in providing collateral for node operators, which is essential for maintaining the integrity and reliability of the service.

Nonetheless, prospective investors should carefully evaluate the competitive landscape, regulatory developments, and technological challenges that could impact its future growth. Active development and a strong community are positive signs, but as with any cryptocurrency investment, it involves risks that require diligent research and consideration of personal financial circumstances.

Will RPL recover?

The current rocket pool price shows a downward trend. Recovery is uncertain without further positive market signals. Monitoring of price movements and market conditions is necessary to determine potential recovery.

Will Rocket Pool reach $50

RPL shows a significant downward trend, reaching $50, which seems unlikely in the near term. Substantial further data, positive market changes, and increased buying interest would be required for such a significant price increase.

Will Rocket Pool reach $100?

Rocket Pool (RPL)is in a downward trend, reaching $100, which appears highly improbable in the near term.

Is Rocket Pool a safe investment?

Rocket Pool is generally considered a secure investment due to its decentralized structure, robust security audits, and significant total value locked (over $4.4 billion), reflecting user confidence. However, like all cryptocurrencies, it carries inherent risks due to market volatility and potential technical vulnerabilities

Does RPL have a good long-term future?

RPL’s chart shows an immediate outlook that appears bearish. However, assessing its long-term future requires considering broader market trends.

Recent news/opinion on Rocket Pool

  •  Rocket Pool (RPL) surged past $30 amid high trading volume, driven by the Houston upgrade’s launch and community excitement.
  • The upgrade introduces new staking features and enhances the protocol’s tokenomics, reducing RPL inflation and changing node operator requirements.
  • If you’re looking to stake your ETH with Rocket Pool and receive rETH in return, please visit the Staking Guide. Staking is a very simple process, and this guide is filled with step-by-step instructions (including screenshots) that show you how it’s done.
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Rocket Pool price prediction November 2024

In November, the price of Rocket Pool is predicted to reach a minimum, maximum, and average value of $8.96. Traders can anticipate consistent trading at this price point throughout the month.

PeriodMinimum priceAverage priceMaximum price
November 2024$8.96$8.96$8.96

Rocket Pool Price forecast 2024

In 2024, RPL’s average forecast price could be about $18.67. Its minimum and maximum prices can be expected at $7.99 and $19.62, respectively.

PeriodMinimum priceAverage priceMaximum price
RPL price prediction 2024$7.99$18.67$19.62

Rocket Pool price predictions 2025 – 2030

YearMinimum priceAverage priceMaximum price
2025$19.24$21.63$23.27
2026$26.40$31.11$31.68
2027$34.47$39.07$41.14
2028$34.47$39.07$41.14
2029$42.51$46.44$48.88
2030$60.41$65.20$66.91

Rocket Pool price prediction 2025

In 2025, Rocket Pool (RPL) is expected to see growth, with a minimum price of $19.24 and a maximum of $23.27, averaging around $21.63.

Rocket Pool price prediction 2026

In 2026, RPL could trade between $26.40 and $31.68, with an average price of $31.11. This increase indicates a bullish outlook as Rocket Pool’s adoption potentially accelerates.

Rocket Pool (RPL) price prediction 2027

By 2027, Rocket Pool may reach a maximum of $41.14, with an average price of $39.07 and a minimum of $34.47. This prediction reflects ongoing growth in demand and network support.

Rocket Pool price prediction 2028

The price forecast for 2028 suggests stability, with Rocket Pool maintaining prices between $34.47 and $41.14, and an average of $39.07.

Rocket Pool price prediction 2029

Rocket Pool is anticipated to gain momentum again in 2029, trading within the range of $42.51 to $48.88 and averaging $46.44.

Rocket Pool (RPL) price prediction 2030

In 2030, Rocket Pool is projected to peak at $66.91, with an average trading price of $65.20 and a minimum of $60.41. This upward trajectory highlights Rocket Pool’s potential for sustained, long-term appreciation.

Rocket pool’s price prediction 2025-2030

Rocket Pool market price prediction: Analysts’ RPL price forecast

Firm Name20242025
Cryptoprediction.com$9.938$12.151
Binance$8.84605$9.288356

Cryptopolitan’s Rocket Pool price prediction

Cryptopolitan’s Rocket Pool forecast suggests the minimum price of the rocket pool at $7.99, the average will be $18.67, and the maximum will be $19.62 in 2024. Looking ahead, our Rocket Pool prediction for 2030 indicate more significant growth, with the token’s price ranging from $60.41 to $66.91.

Rocket Pool historic price sentiment

  • The year 2020 marked a transformative period for Rocket Pool, with its price starting at $0.4877 in January and soaring to $3.70 by August, reflecting substantial growth.
  • Despite early challenges in 2020, with prices as low as $0.3813 in March, Rocket Pool demonstrated resilience and ended the year on a positive note, closing at $4.27 in December.
  • Notably, Rocket Pool experienced a surge in trading volume during the latter half of 2020, indicating increasing investor interest and confidence in the company’s prospects.
  • 2021 showcased volatility in Rocket Pool’s price, with highs of $51.27 in November amidst a peak in trading volume. However, it faced significant lows earlier in the year, dipping to $4.27 in January.
  • The year 2022 reflected a mixed sentiment, with Rocket Pool experiencing peaks and valleys. It started the year at $27.57, showing promise, but ended with a decline to $10.50 by June.
  • In 2023, the stock witnessed a bullish trend, reaching its peak in March with a high of $64.29. However, it experienced a sharp decline thereafter, closing the year at $27.57, indicating a substantial downturn.
  • RPL started trading around the $30 mark in January 2024, dropped to about $27 in February, but soon regained momentum, reaching $38 in mid-March.
  • A bearish wave followed, taking RPL to $19.59 by April 18 and $18.29 by May 20. In June 2024, Rocket Pool (RPL) traded between $19 – $28; now, in July, the token is trading within the $13.31 – $20.22 range.
  • As of the latest data in August 2024 RPL coin price traded at $10.96.
  • On September 26, rocket pool rise to $11.43 and early October the price dropped to $9.88 with the trading volume of $9.17M.
  • By the end of October RPL price reached $11 with a trading volume of $4.08M. Early November 05, RPL price dropped to $8.8.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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